Rise in home prices will slow, says Centaline

2014-1-29

From：Macau Business

A review of the property market by Centaline (Macau) Property Agency Ltd forecasts prices will rise more slowly than last year’s 37-percent increase this year.

“Overall, home prices here are still in a growth cycle, but there is a lack of first-hand home supply in the market, and we’re not yet sure of how the second-hand home owners are pricing their flats,” says Centaline Macau director Jacky Shek Po Tak.

Centaline says 11,730 homes were sold last year, 30 percent fewer than in 2012.

Sales are likely to fall this year to no more than 8,000 because the supply of new flats is limited.

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