Sales of industrial units red-hot in first quarter

2013-4-10

From：Macau Business

The price of industrial units rose by 20 percent year-on-year in the first quarter of 2013, Roy Ho Sao Hang, senior regional sales director of Centaline (Macau) Property Agency Ltd, said.

The average price per square foot of industrial units increased to MOP2,300 (US$287.5) in the first three months of the year, he said.

Mr Ho was quoted by our sister publicationBusiness Daily as saying that industrial units performed the best among all type of properties in Macau during the first quarter, because their price is still relatively low, and these types of units are not covered by any of the government measures to curb real estate speculation.

In October, the government extended the special stamp duty on the re-sale of homes, to offices, shops and car parking spaces.

Copyright@Macau Business