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Source: World Property Journal —
Global property consultant JLL reports that due to repeated epidemics, economic downturns and high unemployment rate in Macau in 2021, property demand decreased as most of the potential buyers tended to wait and see.
Coupled with the lack of new projects launched for sale, residential transactions were mainly concentrated in the secondary market. The overall residential sales transaction volume shrank significantly. According to the DSEC statistics, a total of 5,970 residential sales transactions were registered in 2021, down 6.6% y-o-y. Presale transactions totaled 467, accounting for only 7.8% of the total residential sales volume, lower than the average levels recorded in the past. The similar phenomenon is expected to continue in the future.
