Estate agent predicts home prices will rise in Q4

2015/8/6

From:Macau Business

Centaline Macau Property Agency Ltd believes only half as many homes were sold in Macau last month as the month before, and expects the number of sales to keep falling until the end of September.

Centaline Macau director Jackey Shek Po Tak told reporters that the fall was due to buyers and sellers taking their summer holidays and to turbulence in the stock market deterring investment in housing.

Mr Shek forecast no immediate decrease in prices and an increase in the fourth quarter of this year.

Copyright@Macau Business