Welcome to the most informative website on Macau real estate!

Macau is a fast-developing Special Administration Region (S.A.R.) of China that has an open economy system similar to Hong Kong. It is strategically located at the heart of China's economic powerhouse that produces 1/3 of China's exports - the Pearl River Delta (PRD) region with a population of more than 60 millions with the highest per capita GDP in China, reachable by almost half of the world population (2.9 billions) within 5 hours air flights.

As the only legalized gaming city within the Greater China, Macau has become the #1 gaming capital of the world surpassing the whole Las Vegas area (not only the "Strip"). With the multi-faceted services geared for M.I.C.E. (Meetings, Incentive tours, Conventions and Entertainments), more than 20,000+ new hotel rooms, 1 million sq. ft. of convention halls, and 600 new upscale retail stores will be added before the end of 2010, on top of Venetian and MGM openned in 2007.

Macau real estate market has undergone continuous double digit growth since 2004. In fact during the past 3 years, luxury residential condominium prices have experienced more than 100% growth. Despite down turn in world economy and real estate market, Macau real estate experts forecast continuing growth until completion of mega casino-hotel projects in Cotai Strip and Hong Kong to Macau bridge.

The following factors contribute to the fast development of Macau real estate market and investments in 2007:

• #1 casino city of the World with US$ 10.3 billions in gaming revenue, up 46% over 2006.

• 27.3% GDP growth, the highest per capita GDP in Asia with US$ 36,357 (per statistics and census service).

• A population of 535,000 plus over 60,000 expatriates / transient workers.

• Voted as #1 Asian city with the "Best Economy Potential" for 2005-2006 by fDi (Foreigh Direct Investment) magazine.

• Over 27 millions visitors came, 55% from China to see the U.N.'s World Heritage sites.

• Low 2.9% unemployment rate with average salary of US$ 2000.

• Local currency called Pacatas is tied to U.S. Dollar.

• US$ 15 billions investments in huge integrated convention-casino- hotel-resorts.

• Active re-sales/rental property market (at 1/2 of average property prices in Hong Kong).

• No restriction on property ownership by foreigners.

• Local mortgage available to foreign property buyers.

• No local capital gain tax. A flat maximum corporate / individual income tax rates of 12%.

• Scarcity of buildable land and limited building permit approvals keep prices growing (only about 8000 units a year).

• Active secondary market for pre-construction property market is attracting many foreign investors and property funds.

Century 21 - Macau Westside Property is part of a global property network actives in Macau real estate business since Jan. 2005. About 80% of our clients are new Macau immigrants, expatriates and global investors. We also provide Relocation and Property Management services, together with loan assistance, real estate services, rental property management for foreign investors etc.