Resort development fuelling Macau property bubble

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

With an average apartment costing more than US$500,000, the Chinese special administrative region has emerged as one of the world's costliest places to buy property, outranking neighbouring Hong Kong, where prices are already among the most expensive...

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