The residential real estate market in Macau recorded a noticeable decline during 2025, as developers reduced prices to stimulate demand following weaker transaction activity and falling asset values. According to recent data released by JLL, the region registered 2,775 residential unit sales transactions during the year, representing a 9.2% decrease compared to 2024 levels.
Despite the overall slowdown, the pre-sale segment stood out with exceptional performance, recording a 44.8% increase. A total of 333 pre-sale transactions were registered, reflecting buyers’ growing interest in new projects that offer more competitive pricing.
Although this relative momentum appeared in the pre-sale market, the supply of under-construction units continued to decline. Only ten projects received pre-sale approvals in 2025, resulting in the launch of 484 residential units with a total area of approximately 33,344 square meters. Most of these were mid-range developments located on the Macau Peninsula.
Among the largest developments launched during the year was the Yuho Lake Project, which includes 312 residential units, around 200 of which were sold during the year.
In an effort to stabilize the market, the Macau government introduced a set of policy measures toward the end of the year. These included exempting buyers from property transfer taxes on the first 6 million Macanese patacas (about $750,000) of a property’s value, in addition to relaxing loan-to-value (LTV) restrictions linked to mortgages. Local banks also reduced interest rates several times in recent months, helping to lower borrowing costs.
Analysts believe that the future performance of the housing market in 2026 will depend largely on the city’s overall economic conditions, population growth, and continued government support. The current level of demand raises questions about the market’s ability to absorb the expected housing supply efficiently and quickly.
