Updated
Updated · macaubusiness.com · Sep 16
Macau Raises Base Rate 25 Basis Points as Home Prices Sink 17.9%
Updated
Updated · macaubusiness.com · Sep 16

Macau Raises Base Rate 25 Basis Points as Home Prices Sink 17.9%

3 articles · Updated · macaubusiness.com · Sep 16

Summary

  • Macau’s de-facto central bank lifted its base rate by 25 basis points on Thursday, tracking rate increases in Hong Kong and the United States.
  • Commercial lenders left prime rates unchanged for now, but the move still adds margin pressure to a property market already under strain.
  • Average residential prices fell 17.9% from a year earlier to MOP65,998 per square metre in August, the lowest level since 2012.
  • Economic uncertainty and the higher-rate backdrop have erased earlier policy-driven gains, deepening Macau’s housing slump.

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