Macau office sales increased by 17% in the first five months
The Macau office property market has been moving steadily in the first half of the year. A total of 169 transactions were recorded from January to May this year, an increase of 17% from 144 cases in the same period last year. The market is expected to continue in the second half of the year.
According to the information released by the Statistics and Census Bureau of Macao, a total of 23 office building transactions were recorded in May this year, a decrease of 1 per month, a decrease of 4%; compared with 21 cases in May last year, it increased by 10% year-on-year. In the first five months of this year, a total of 169 office unit transactions were recorded, an increase of 25 cases compared with 144 cases in the first five months of last year, an increase of 17% this year.
The turnover in the same period was 3 billion, a 1.8-fold increase.
As for the transaction amount involved, it recorded 168 million yuan in May this year, down 15% from April’s 198 million yuan; compared with 126 million yuan in May last year, it rose 33% in May this year. From January to May, the turnover of office buildings reached 3.014 billion yuan, which was 1.8 times higher than that of 1.071 billion yuan in the same period last year. It is worth noting that in January this year, the office property market was booming. A total of 93 transactions were recorded in the month, involving a total of 2.442 billion yuan. The cumulative amount has been more than last year.
Li Weijie, the business director of Zhongyuan (Industrial and Commercial) office building department, said that the office market in the first half of the year was moving steadily upwards, and rents and prices continued to improve. It is expected that this trend will continue in the second half of the year. The increase in the office market in Macau has always been driven by actual demand. There is no bubble. According to the statistics of the Bureau of Statistics, the number of newly established companies last year has reached the level of 2014 and 15 years. In the first five months of this year, there were about 500 new ones per month. The company was established more than in the past few years.
Adding office needs in the construction of multiple shopping malls
In addition, there are a number of shopping malls in Macau, such as the large-scale housing estates, the new shopping mall, the new shopping mall, Daxin Xinduhui, etc. These projects will introduce more new brand enterprises to Macau and effectively promote tourism consumption and shops. Outside the market, these companies operate in Macau and also need to set up logistics departments such as accounting and marketing departments. Therefore, they need to buy or rent office units. In addition, the future Hong Kong-Zhuhai-Macao Bridge will reduce the transit time between Hong Kong and Macao, or make some two places. The company decided to stay in Macau and set up a headquarters in Australia. It is expected that the market demand for the office will gradually increase.
In addition, the new supply in the office market has been four or five years ago. At present, there are insufficient land resources in Macao, and there are few new supply opportunities. In the case of limited supply, the future price increase is inevitable. At present, the flats in the market are all sold at a rate of 2% or more. According to market conditions, after purchase for 2 years, the return is basically 3%.