Macau Q4 Property Transactions Lowest Since 2002

Tuesday, a report by Macau's Statistics and Census Service said the number of building units purchased and sold in the fourth quarter plunged 56.9% from the third quarter to 2,003 units, representing the lowest level since 2002. The value of these transactions dropped 64.6% to MOP2.67 billion in the fourth quarter.

In 2008, the number of units purchased and sold declined 33.3% to 21,516 units. The value of these transactions slipped 28.6% to MOP 35.02 billion in the year.

by RTTNews Staff Writer

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