The last opportunity to buy a cheap home

Yes, there was a year when house prices did not rise! It was in 2009. But the following year they rose nearly 25 per cent. This situation symbolises the local impact of the 2008 financial crisis: in most cases it was only felt the following year. But by 2010 almost everything was outdated. Less money in the pocket, fewer students in schools, fewer crimes, less business, fewer new cars, cheaper petrol.

Yes, there was a year when house prices did not rise! It was in 2009. But the following year they rose nearly 25 per cent. This situation symbolises the local impact of the 2008 financial crisis: in most cases it was only felt the following year. But by 2010 almost everything was outdated. Less money in the pocket, fewer students in schools, fewer crimes, less business, fewer new cars, cheaper petrol.  

And as if to confirm that Macau was the land of construction, in those years of crisis the number of new houses did not diminish – an exception, as shown in the chart on this page. 


  2007  2008  2009  2010 
Human development index  0.867  0.867  0.872  0.883 
Income Index  0.995  0.982  0.987  1.000 
Year-end population (’000)  538.1  543.1  533.3  540.6 
Annual population growth (%)  4.3  2.1  -1.8  1.4 
Number of households (’000) 1-person household  24.6  24.4  24.0  26.5 
Average household size (person)  3.10  3.09  3.07  3.04 
Pre-primary education institutions  58  56  57  57 
Primary  education institutions  73  70  70  70 
Pre-primary, primary and secondary education teacher-student ratio  18.8  17.3  16.3  15.0 
Pre-primary, primary and secondary education number of students  80,348  75,938  73,324  71,813 
Students per 1,000 population  189  181  183  181 
Total crimes  12,921  13,864  12,406  11,649 
Prisoners year-end total  812  912  930  929 
Per capita water consumption (m³/day)  0.35  0.34  0.35  0.34 
Per capita electricity consumption (’000 kWh)  5.73  6.12  6.47  6.81 
Labour force (’000)  302.8  327.0  323.4  323.9 
Unemployed population (’000)  9.8  9.9  11.4  9.2 
Overall unemployment rate (%)  3.2  3.0  3.5  2.8 
Unemployment rate of local residents (%)  3.6  3.7  4.4  3.5 
Employed population (’000)  293.0  317.1  311.9  314.8 
Employed population by industry (%) Gaming  21.4  20.6  19.7  19.9 
Median monthly earnings (MOP) Construction  8,000  10,000  9,000  9,500 
Median monthly earnings (MOP) Gaming  12,000  13,000  12,000  13,000 
Non-resident workers (tear-end) from Mainland China  47,101  51,950  41,461  41,895 
Non-resident workers (year-end) from Hong Kong  14,103  11,221  5,826  4,915 
New registrations of motor vehicles  21,961  19,961  15,813  15,911 
Containerised cargo (tonne) by sea   329,288  328,196  180,413  178,380 
Containerised cargo (tonne) by land  75,835  104,312  51,694  45,718 
Air cargo (tonne)  180,935  100,767  52,464  52,166 
Commercial flights  49,441  46,036  37,177  34,654 
Cross-border vehicle traffic   3,807,517  3,785,863  3,508,159  3,812,243 
Building units  225,052  226,024  227,629  234,430 
Vacant units  21,182  20,314  20,412  22,599 
Purchase and sales of building units (residential)  21,628  13,686  11,307  17,989 
Purchase and sales of building units (office)  1,109  510  288  652 
Value of units purchased and sold (million MOP) residential  42,058  29,778  21,517  45,939 
Value of units purchased and sold (million MOP) office  1,892  959  430  1,316 
Average price per m² (MOP) residential  20,729  23,316  23,235  31,016 
Average price per m² (MOP) office  17,929  21,314  21,650  22,857 
Electricity imports (million kWh)  1,683.4  2,310.9  2,226.7  2,786.5 
Average sales price (MOP) Unleaded gasoline (L)  9.79  11.05  8.76  9.69 
Inflation rate (%)  5.57  8.61  1.17  2.81 
Merchandise exports (million MOP)  20,430.6  16,025.4  7,672.5  69,60.0 
Merchandise imports (million MOP)  43,113.9  43,034.2  36,902.0  44,118.4 
Visitor arrivals (’000)  27,003.4  22,933.2  21,752.8  24,965.4 
Hotel and guesthouse (Average occupancy rate (%)  77.2  74.3  71.4  79.8 
Per  

capita spending (excluding gaming) (MOP) 

1,637  1,729  1,616  1,518 
Total government expenditure (Capital expenditure) (106 MOP)  4,921.8  5,156.7  5,111.7  6,007.5 

 

Nb: 

  1. Data on visitor arrivals from 2008 onwards exclude non-resident workers and foreign students. 
  1. Data on visitor expenditure from 2010 onwards derived by extrapolation. 

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