Macau retail sales decline for 3 consecutive days

The performance of the Macao retail property market was quiet, with transactions continuing to decline

The latest October transaction volume was only 25, a month-on-month decrease of 19%. Trading volume fell for three months, which was the second lowest month in this year and was slightly higher. 20 cases during the Lunar New Year in February this year.

According to the latest data from the Statistics and Census Service of Macao, 25 transactions of retail properties in October were down 19% from 31 in September

39 were down from the same period of last year, a decrease of 36%. In the first 10 months of this year, there were 378 transactions in retail property transactions, compared with 563 in the same period last year, a 33% decrease this year, and a total of 631 retail transactions were recorded throughout the year.

As for the transaction amount, only 220 million yuan (MOP, the same below) was recorded in October, the lowest level this year, down 11% from 246 million yuan in September; compared with 790 million yuan in the same period last year, the transaction amount was significantly 72% reduction. From January to October this year, the transaction value of shops was 4.86 billion yuan, a decrease of 46% from 8.972 billion yuan in the same period last year. Last year’s turnover was 9.695 billion yuan.

Tourism retail data declines, rents under pressure

According to the statistics of the Bureau of Statistics, the total tourist consumption in the third quarter of this year fell by 17.2% year-on-year to 15.2 billion yuan; during the period, the per-capita consumption of tourists fell by 24.9% year-on-year to 1,532 yuan, a decline for the fourth consecutive quarter since the fourth quarter of last year. During the period, retail sales decreased by 0.5% year-on-year to 18.06 billion yuan, and sales volume decreased by 0.7% year-on-year; in October this year, inbound tourists rose by 1.8% year-on-year to about 3.21 million, and overnight visitors increased by 8.1% year-on-year Overnight visitors fell 4.8% year-on-year.

The per capita consumption of tourists fell, the growth of tourists slowed down, and even during the National Day Golden Week, the retail industry generally reflected that “Wangding is not prosperous.” Market participants pointed out that the impact of the Sino-US trade war and the Hong Kong social movement have gradually emerged recently. Brand stores have been slow to expand and street shop rents have also been under pressure. Some chain brands are planning to discuss rent reductions with owners. To 10%.


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