The Macau Metro Monitor, October 8, 2012
LESS IS MORE Macau Business
SJM executive director Angela Leong On Kei said the recent drop in visitor arrivals to Macau gives the city more time to push ahead with new tourism offerings. “With the negative growth now, it gives us time to diversify with more tourism products on offer, which is good for society,” said Leong. Leong added that a high tourism arrivals growth rate “is not beneficial” for the city.
CHINA HOUSING PRICES RISE AGAIN BUT AT SLOWER PACE Fox Business
According to China Real Estate Index System, the average price of housing in September was 8,753 yuan ($1,384) a square meter, 0.17% more than the CNY8,738 of August, and moderating from August's 0.24% sequential rise. On a YoY basis, the average price of housing fell for the fourth consecutive month, by 1.40% from CNY8,877 in September 2011, recovering somewhat from August's 1.60% decline.