MACAU TRANSPORT INFRASTRUCTURE HAVING POSITIVE IMPACT ON PROPERTY PRICES

17.09.18

The housing market in Macau remains strong amid massive infrastructure investments, which are set to transform Macau's connections to China and Hong Kong.

The autonomous region on the south coast of China has witnessed a house price increase by 6.31% year on year, with the market expected to remain robust in the medium term, supported by strong economic growth.

In 2017, the economy grew by a spectacular 9.3%, a sharp turnaround from declines of 0.9% in 2016, 21.6% in 2015, and 1.2% in 2014. This positive momentum has carried on into 2018 thanks in part to a string of high-profile transport investments

The 200,000 square metre Taipa maritime terminal began operations in June 2017, increasing travel within Macau and its neighbouring cities, and providing direct connections to the planned light rail transit system.

The Gongbei tunnel, the only link connecting Zhuhai with the Hong Kong-Zhuhai-Macau bridge, is also scheduled to open this year, and the Shenzhen-Zhongshan tunnel will be complete by 2020 - a key infrastructure development in the Greater Pearl River Delta, is also under construction and will reduce the average travel time between Shenzhen and Zhongshan from two hours to less than 30 minutes.

Beijing has also committed to a comprehensive Guangdong-Hong Kong-Macau Bay Area development plan to increase connectivity, trade and investment between the three regions.

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