Housing prices forecast to keep rising next year

2013-11-8

From：Macau Buisness

Ricacorp (Macau) Properties Ltd forecasts that housing prices will maintain their upward trend next year as supply continues to fall behind demand.

But Ricacorp expects lower home sales for the fourth quarter, with a flat trend going into 2014.

The estate agency’s managing director, Jane Liu Zee Ka, said low unemployment, low interest rates and lower prices in Macau than in Hong Kong would continue to buoy the housing market.

The average price of housing was MOP75,149 (US$9,394) a square metre in September, 20 percent more than a year earlier.

Copyright@Macau Business