Macau’s real estate industry demands a complete withdrawal from the government. Scholars suggest the government develop four emerging industries

The real estate industry in Macau has been asking the government to completely "remove the heat", believing that the overheating property market has affected the quality of life and economic stability of citizens. Scholars have also said that the government should shift its focus to developing emerging industries to reduce its dependence on the property market.

The voice of the real estate industry

The real estate industry believes that the government should comprehensively "remove the heat", including canceling the property market control policies and restrictive measures, so that the market can operate freely. They pointed out that the policies in the past few years have seriously affected the development of the real estate industry and hoped that the government could re-examine the current policies.

Scholar's advice

Scholars believe that the government should focus on developing emerging industries, especially the four emerging industries, including technology, green energy, medical health, and cultural creativity. They pointed out that these industries can not only drive economic growth, but also enhance Macao's international competitiveness.

The potential of emerging industries

The technology industry has huge development potential worldwide, and green energy is the trend of future energy development. Medical health and cultural and creative industries can enhance Macao’s soft power and attract more international tourists and investors.

Conclusion

Taken together, the Macau real estate industry calls for a complete "removal" of hot spots, while scholars suggest that the government should shift its focus to developing emerging industries. This will not only reduce dependence on the property market, but also drive diversified economic development and lay a more solid foundation for Macau's future.