MOP 6.00 Closing editor: Sara Farr Year III
Number 575 Friday July 4, 2014
Publisher: Paulo A. Azevedo
Home sweet home
H
ome transactions plummeted almost 50 percent in the first five months of the year. Less stock and 5,000-plus agents means more competition. Some are turning to more lucrative commercial deals. Or the overthe-border and overseas markets to boost sales and commissions
www.macaubusinessdaily.com
Page
6
Mass-market is the message
Transparency transgressions
Mass-market revenues could increase 34 percent by year-end. Meanwhile, the VIP segment could tank 17 percent. Analysts at Credit Suisse forecast strong growth for 2015 in the order of 27 percent
The property market here is far from transparent. So says Jones Lang LaSalle. Its latest report downgrades Macau to 71 out of 102 countries and regions. Macau’s transparency level, now ‘low,’ is only marginally better than that of ‘opaque’ Myanmar and Mongolia
Page
2
Page 7
DICJ defines smoking areas Page 2
Macau Legend: Mass market driving gaming revenue Page 2
Franchising good opportunity for young entrepreneurs Page 3
Maturing economy
HSI - Movers July 3
Name
Yesterday’s Chinese services sector data and Wednesday’s industry index growth seem to indicate the economy is stabilising Page
9
%Day
China Resources Lan
2.23
China Overseas Land
1.74
Tencent Holdings Ltd
1.55
Hong Kong Exchange
1.29
New World Develop
1.10
Henderson Land Dev
-1.28
Want Want China Ho
-3.38
Bank of Communicat
-4.36
China Shenhua Ener
-5.21
Li & Fung Ltd
More movement
-10.46
Source: Bloomberg
I SSN 2226-8294
Passenger movements at Macau International Airport are up. MIA posted a 10 percent increase in the first half of the year. Some 2.6 million travellers chose the airport as their main point of arrival or departure from the SAR Page 4
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