PUBLISHED : Wednesday, 11 July, 2012, 12:00am
UPDATED : Wednesday, 11 July, 2012, 12:00am


Macau home prices to grow 15-18 per cent

Home prices in Macau are expected to grow 15 per cent to 18 per cent this year in face of growing demand, according to Ricacorp Properties. Jane Liu, managing director of the company's Macau branch, said the market would be supported by a sound economy and increased demand from overseas workers. Ricacorp estimates the total number of property sales in Macau in the first half of the year at 7,531. This represented an increase of 72 per cent from the second half of last year. Peggy Sito

HK secondary-market luxury sales up 50pc

Sales of pre-occupied luxury homes in Hong Kong increased nearly 50 per cent in the first half of this year compared with the six-month period to December 31, 2011, according to Centaline Property Agency. On the back of low interest rates and fluctuations in the stock market, some investors shifted their investment focus in the city's luxury property market, the property agency said. Total values amounted to HK$29.2 billion in the first six months, representing an increase of 50.8 per cent compared with the six-month period from July to December in 2011. Peggy Sito