The market is watching and the Macau market slows down in September.

Affected by external factors such as trade wars and interest rate hikes, the trading volume of the Macau retail market in September was not active. The general buyers took a wait-and-see attitude and entered the market slowly. After the market expects that the unfavorable factors will be digested by the market, there will be a turnaround in October.

Zhong Zhenhua, deputy director of the Leasing Department of Zhongyuan (Industrial and Commercial), said that the trend of the retail market last month was as expected. Environmental factors such as trade wars and interest rate hikes slowed the pace of buyers entering the market. Trading and leasing transactions were not active, but once With the release of bamboo shoots, the market is also taking speed quite quickly. For example, there are shops in Tashi District where the selling price is less than 10 million yuan, the price is not required to be 10,000 yuan, and soon after the release, the user is accepted; while the other is sold in the black sand ring area. It is close to the Hong Kong-Zhuhai-Macao Bridge, with an area of ​​about 2,400 square feet, which is about 46 million yuan. The price is lower than the market. It reflects that the prospective buyers are very concerned about the market, and they will quickly absorb them when they have a flat.

The rental market is stable and the number of transactions is high.

In the rental market in September, the transaction volume remained stable. The high-rental transactions were more than in August. The more noticeable transactions included: a shop with a site area of ​​about 2,000 square feet in the Coats Area. It is a high-quality disk with a good location and a tenant. The monthly rent is about 110,000 yuan for rent, the rent is about 55 yuan, the rent level is in line with the market price, and the other transaction is a 5,000 square foot shop in Taipa District. It is rented out for about 200,000 yuan, and the rent is about 40 yuan. In the area, the rent is relatively low, but the size of the shop is large, and the people’s livelihood is good. It is suitable for large-scale tenants who need to eat and drink.

In addition, according to the latest information released by the Macao Statistics and Census Service, Macao stores recorded a total of 47 transactions in August, the same as in July. Compared with 48 in the same period last year, there was only one difference, down 2% year-on-year. The cumulative trading volume in the third quarter is currently 94, which is much lower than the 208 in the first quarter of this year; and 190 in the second quarter.

The rate hike effect digests the market conditions

As regards the transaction amount, the transaction price in August was about 295 million yuan, a decrease of over 50% compared with 600 million yuan in July this year, a 51% increase. Compared with the 523 million yuan in the same period last year, the transaction amount in August this year also fell 44%. It is worth mentioning that the transaction amount of 7.595 billion yuan in the first eight months of this year has exceeded 7.34 billion yuan in the whole year.

Zhongyuan expects that with the settlement of the interest rate dust, it will have a psychological impact on customers in the short term, but the market is expected to digest quickly. It is estimated that the market conditions in October will be better than that in September.