THE M3: MARCH GGR; 1Q S'PORE HOME PRICES FELL; CHINA MARCH HOME PRICES SLIPPED

The Macau Metro Monitor, April 2, 2012

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DSEC

March gross gaming revenues were up 24.4% YoY to MOP 24.989 billion (HKD 24.26 billion, USD 3.12 billion).

SINGAPORE HOME PRICES FALL FOR FIRST TIME IN ALMOST 3 YEARS Bloomberg

According to the Urban Redevelopment Authority, Singapore home prices fell 0.1% QoQ in Q1 2012.  That is the first drop in prices since June 2009.  Singapore has been attempting to rein in prices since 2009, when it barred interest-only loans for some housing projects and stopped allowing developers to absorb interest payments for apartments still being built.  Foreigners and corporate entities have to pay an additional 10% stamp duty following measures introduced in December.

CHINA MARCH HOUSING PRICES SLIDE FOR 7TH STRAIGHT MONTH Dow Jones Newswire

According to the China Real Estate Index System, housing prices in 100 major cities in China were lower for the seventh consecutive month in March.  Average home prices slipped to CNY 8,741/ sq mt, compared with CNY 8,767 in February and CNY 8,793 in January.  On a YoY basis, the average price of a new home in March climbed just 0.03%, from CNY 8,738/ sq mt, much slower than February's 0.93% rise.