Ricacorp predicts steady prices for high-end homes

2015/2/5

From:Macau Business

Ricacorp (Macau) Properties Ltd expects prices at the high end of the housing market – especially for uncompleted homes – to be flat this year.

The managing director of the estate agency, Jane Liu Zee Ka, said of homes of the sort that now cost around HK$20 million (US$2.56 million): “I don’t expect very strong investment sentiment this year. Most buyers now, or until the end of the first quarter, will be owner-occupiers.”

Ms Liu told reporters: “In the second quarter we’re expecting some new projects coming on the market, but I don’t think the prices demanded will be too aggressive.”

Copyright@Macau Business