THE M3: VISITORS; SCC; CHINA HOME PRICES

The Macau Metro Monitor, September 4, 2012

NEW RULES MAKE IT EASIER FOR MILLIONS TO ENTER MACAU: HEAD OF TOURIST OFFICE COUNTERS CONCERNS OVER MORE VISITORS Macau Daily Times

Director of the Macau Government Tourist Office (MGTO) João Manuel Costa Antunes was asked by the media about the mainland’s decision to allow non-local residents in the six cities of Beijing, Tianjin, Shanghai, Chongqing, Guangzhou and Shenzhen, to apply for Macau entry-permits in the cities they are residing instead of returning to their native hometowns for the application.  The new policy is likely to see many more mainland visitors to Macau.  Antunes was not worried about the increase in capacity for Macau’s tourism industry. 

As to the possibility of the mainland’s further relaxing of entry-permit applications and the extension of coverage of the Individual Visit Scheme, the official stressed that the decision is in the hands of the central government, but Macau has been taking measures to smoothly prepare for receiving additional visitors.  The Scheme has increased its coverage from 6 to 49 cities, and the relevant arrangements have been implemented smoothly step-by-step, so the new expected increase would not cause any problems. He said the government has been improving its carrying capacity by building new facilities to attract and accommodate more visitors and offer them a more enjoyable stay in the city.

SANDS COTAI CENTRAL SECOND PHASE ADDS 38 NEW RETAILERS Macau Daily Times

Sands Cotai Central’s 2nd phase opening, scheduled for September 20, will add 38 new retailers to the resort. With the new store openings, Shoppes Cotai Central will offer a total of 70 retailers, with plans to expand to over 90 by early 2014.  

CHINA HOME PRICES RISE FOR 3RD MONTH IN AUGUST-SURVEY Reuters

According to the China Real Estate Index System (CREIS), China's average home prices rose 0.2% to 8,738 yuan ($1,400) per square metre in August, moderating from July's MoM increase of 0.3%.  On a YoY basis, home prices in the 100 cities were down 1.6% in August, the fifth month of YoY declines since June 2011.  In China's top 10 cities, including Beijing and Shanghai, average home price rose 0.5% MoM, but were down 1.5% YoY.