Sluggish property market slows urban renewal, says Raymond Tam

Sluggish property market slows urban renewal, says Raymond Tam

With over 5,000 buildings in Macau exceeding 30 years of age and entering deterioration, legislator Wong Kit Cheng called accelerating urban renewal “a matter of urgency,” as authorities acknowledged that a sluggish market and pessimistic owner outlook are hindering progress, prompting exploration of tax incentives, fee reductions, and land premium adjustments. Secretary for Transport and […] The post Sluggish property market slows urban renewal…