Macau Luxury Homes and villas
Macau Luxury Property Search
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.
Residential property transactions in the first quarter of the year were at the lowest levels since 2009, according to data from Macau’s Financial Services Bureau.
The outlook for Macau’s property market remains gloomy this year despite Beijing’s incentives to diversify the city’s economy away from the casino industry.
Andaz Macau will comprise over 700 rooms and suites, an Andaz Lounge, a bar and restaurant, a state-of-the-art fitness center and an indoor pool.
Residential prices have already dropped by more than 24 percent this year.
The Waterside, a luxury 59-unit project occupying Tower Six in One Central Residences, one of Macau’s most prestigious residential address, recently hit a 95 percent occupancy rate.