Good factors drive the retail rental and sales rebound

Looking back at the market conditions of Macao’s industrial and commercial shops in the first half of the year, due to favorable factors such as upward gambling and economic stability, the overall market rental sales increased significantly compared with the same period last year.

Central Plains Macao pointed out that in terms of retail leasing, regardless of the tourist area or the people’s livelihood area, some vacancies occurred in the past year. Among them, there were about 10 shops in the first half of last year. However, as the economy has improved this year, merchants have increased their interest in the bunking of tourist areas, which has led to an increase in leasing transactions. So far, there are no more than three shops. As for the trading of shops, according to the Central Plains database, at least three of the top ten transactions in the first half of the year were undertaken by users, reflecting the steady increase in rents in Macau, the increase in the value of shops, the good business of tenants, and the difficulty in renting, making shops Increased trading volume to promote the healthy development of the retail market.

Tourist area shop attention

Looking forward to the second half of the year, due to stock market volatility and the impact of the RMB exchange rate decline, it is expected that funds will flow into the property market in Hong Kong and Macao. The geographical position of Macao is unique, and the Hong Kong-Zhuhai-Macao Bridge is about to open to traffic. The number of tourists coming to Australia has gradually increased. The gambling revenue has kept rising, and the property prices are lower than those in Hong Kong. Therefore, the industrial and commercial shops in the second half of the year will be higher.