The Macau Metro Monitor, July 16, 2012
At the end of Q2 2012, Macau had 5,498 (+256 QoQ) gaming tables and 17,035 (+933 QoQ) slots.
SANDS CHINA GETS DEADLINE EXTENSION FOR PARCEL THREE Macau Business
Sands China said it has received an extension of the deadline for the completion of the development of parcel three, in Cotai. The company said it received a letter from the Macau government dated July 13 informing it that a decision had been made by the Secretary for Transportation and Public Works, authorizing the extension of the construction period relating to parcel three until April 17, 2016 (original deadline: April 2013). The government will later notify Sands China of the extension penalty.
Sands China also says parcel three “will target the mass-family market, and will feature family-oriented facilities.” The company says design details for the property are currently being finalized.
NEW PRIVATE HOME SALES FALL 19.4% IN JUNE Channel News Asia
According to Urban Redevelopment Authority, the number of new private homes sold in June continued to fall for the second consecutive month. Developers sold 1,371 private homes (excluding executive condominiums) in June, down 19.4% from May when 1,702 units were sold.
TOURIST PRICE INDEX FOR THE 2ND QUARTER 2012 DSEC
Tourist Price Index (TPI) 2Q 2012 increased by 6.57% YoY to 118.59. Price index of Accommodation Services decreased by 6.38% YoY. 2Q TPI decreased 4.62% QoQ, of which the price index of Accommodation Services slid by 24.64% due to lower room rate after the Lunar New Year.