Taipa wind damage damaged lower prices
In August, the overall residential market in Macau was frustrated by floods, and flooding in multiple districts caused the amount of buildings to drop. However, Taipa District, a relatively light degree of damage, trading faster, the region also recorded a new high turnover of luxury.
Ample market demand for luxury housing increased
Macau’s Central Plains real estate Taipa District Regional Director Luo Junming said that the Taipa mansion by the weather factors little, the market is relatively good, last month recorded a total of four villa sale. As a result of global economic factors, US stocks, Hong Kong stocks continued to record high, the market capital adequacy, buyers demand for luxury goods increased, meet the favorite property will quickly decide, so that the luxury car turnover, the transaction price more High innovation Among them, in August a total of three villa trading transactions from the Bamboo Bay Park, a villa traded at about 52 million yuan, a record high in recent years, the transaction price of the house.
In addition, at the end of last month there are rural road villa transactions, units of about 6,200 square feet, the transaction price of about 80 million yuan to break the house in recent years, the transaction price record. As the villa itself is very high quality, exquisite decoration, at the location of the sea, the landscape is better, but also comes with intensive garden, so to attract buyers decisive start. At present, the valuable property, although welcomed by large customers, but the market supply is limited, buy less rare, the market to undertake strong.
July residential transactions 771 month down 16%
In fact, the overall residential transactions in Macao continued to fall in July, according to the latest statistics released by the Macao Statistics and Census Bureau statistics show that in July residential turnover recorded only 771, for the second consecutive month down, compared with 6% ; But relative to the same period last year 712, trading volume rose 8%.
As for the total turnover of residential buildings in July this year, recorded 4.688 billion yuan, also the same two or even down, compared with June 5.985 billion yuan down 23%; year-on-year turnover in July last year, 5.038 billion yuan, down 8% this year.
Looking to the future, the Macau Central Plains pointed out that with the global financial economy up, and Star Yue characteristics of the unit will be open later this month demonstration units, the mansion is expected to continue to flourish. Plus 9, October is the traditional property market season, Lin Mao Tong and Taipa will have a new sale, I believe the market will be synergies, estimated trading volume will rise, property prices or slightly raised.