Property bubble

Property bubble drives home seekers out of Macau

Property prices have more than tripled since 2009, leaving a home purchase out of reach for most Macau residents. Photo: Reuters

As Macau, the world’s gambling capital, races to open more than 17,000 new hotel rooms over the next three years to keep pace with a flood of visitors from the mainland, only about 4,000 affordable homes for locals are expected to be built in the same period.

Monday, 7 April, 2014, 8:57pm