THE M3: CHINA PROPERTY PRICE CURBS GET TOUGHER; SEPT GGR TOPS MOP15BN

The Macau Metro Monitor, October 1st 2010

 

TOUGHER MEASURES TO COOL PROPERTY MARKET China Daily

On Wednesday, the Chinese government launched new measures in an attempt to cool rising real estate prices, including raising down payments for home purchases and expanding property tax trials nationwide. Some of these include:

  • 30% down payment on first apartment purchases vs. the previous 20%
  • 50% down payment for second property purchases vs. the preview 40%
  • Buyers of luxury apartments in Beijing (2MM Yuan+) must pay an extra 200,000 Yaun
  • No loans for buyers of 3rd properties
  • Trial property taxes rolled out in Shanghai, Shenzen, Beijing, and Chongqing

GAMING REVENUE TO TOP MOP 132 BILLION Macau Daily Times

A "well informed" source told the Macau Daily Times yesterday that, “The numbers were already very close to the MOP 15 billion-mark by September 29. Casinos might pocket something between MOP 15 to 15.5 billion in September.”