THE M3: JUNE GGR; CHINA & S'PORE HOUSING PRICES; GST VOUCHER

The Macau Metro Monitor, July 2, 2012

 

 

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DSEC

June total GGR rose 12.2% YoY to MOP23.33 billion (US$ 2.92 billion, HK$ 22.65 billion).

 

CHINA HOUSING PRICES RISE AFTER 9 MONTHS OF DECLINE WSJ

According to China Real Estate Index System, the average housing price in 100 major Chinese cities recorded its first sequential rise after nine straight months of decline.  A survey of property developers and real-estate firms showed the average price of housing in June was 8,688 yuan ($1,369) a square meter, rising 0.05% from 8,684 yuan in May, and overturning May's 0.31% decline.

 

Q2 PRIVATE-HOME PRICES REVERSE SHORT-LIVED FALL Channel News Asia

Preliminary data released by the Urban Redevelopment Authority (URA) showed private-residential prices rising 0.4% QoQ in 2Q.  Home prices had eased 0.1% QoQ in 1Q, the first decline since Q2 2009.

 

2.1 MILLION SINGAPOREANS TO RECEIVE GST VOUCHERS UNDER NEW SCHEME Strait Times

About 2.1 million Singaporeans will be receiving cash handouts, utility rebates and Medisave top-ups in the next two months, under a new GST voucher scheme for lower-income families that is to become a permanent feature of Singapore's social system.  A $3.6 billion fund will be set up to pay for this new GST Voucher scheme over the next five years until 2016, of which $680 million will be spent for this year alone.



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