The Real Estate Analysis And Suggestion On Regulative Strategies Of Macau

Real estate is an indispensable factor which functions as an integral part of the national economy. Therefore, Not only the performance of the real estate market is important to the national economy, but also affects the basic needs of national people. As a result, the development of the society and the daily lives of the people rely greatly on the sustainable development of the real estate market.As Macau is so densely populated and has the highest population density all over in the world, the exploitation and utilization of the land of Macau is highly related to the daily lives of the citizens. Since Macau returns to the mainland China on December20,1999, the economy of Macau has constantly improving as reflected on the GDP per capita every year. The living quality of the Macau’s citizens are getting better and better. In Addition, as the Macau’s population increases, the demand for housing increases as well, Therefore, the housing price of the real estate market has continuously increasing since reunification. In reply to this phenomenon, the Macao SAR Government has introduced a number of measures to regulate the real estate prices, but the result is not satisfactory. Thus, the concern of real estate bubble is woken up again by the Macau citizens.In describing the characteristics of the Macau real estate, the author made use of qualitative analysis to some of the major factors affecting the price of the Macau real estate after reunification. The author also made use of various bubble indicators to analyze the current bubble status of the Macau real estate.In addition, the author would also explain the regulations proposed by the Macao SAR Government in order to regulate the rising price of real estate, and propose suggestions to this situation.