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Asia's worst property market now on the mend

Macau's housing prices may get a boost as signs show that a two-year casino slump is near its end
Friday, July 29, 2016 - 05:50
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"For the time being, we believe the market has bottomed out . . . (We are) not in a rush to complete everything. The market will only get better with time," says Mr Yue, CEO of a fund manager, which is developing a project close to the Cotai Strip.

Hong Kong

THE worst may be over for Asia's worst-performing property market. Macau's housing prices, which have plunged by a third since 2014, may get a boost amid signs that a two-year casino slump in the Chinese gambling mecca is near its end.

A private equity fund managed by Gaw