News: 2024.03.17
It is reported that the Macau real estate industry is asking the government to completely "remove spicy food". This proposal has aroused widespread discussion from all walks of life. Some economists pointed out that there are currently 195,000 people in Macau holding their first property, and in the past residential transactions, more than 90% of the buyers were first-time homebuyers.
Liu Benli, president of the Macau Economic Association, said that the Hong Kong government’s fiscal revenue relies heavily on real estate income and land sales income. He believes that the government should focus on developing the four emerging industries instead of relying too much on the property market.
Liu Benli further pointed out that Macao should increase its support for emerging industries, including technology, cultural creativity, green environmental protection, tourism and other fields. These industries can not only drive economic growth, but also provide more employment opportunities for young people.
Regarding the requirements of the real estate industry, the Macau government stated that it will carefully consider and make corresponding adjustments based on market conditions and social needs. The government stated that it will actively promote the development of emerging industries to achieve economic diversification and sustainable development.
This move has aroused heated discussions from all walks of life. Some people believe that the "removal of spicy food" can effectively control the rise in housing prices and promote the stable development of the real estate market; others are worried that the implementation of the policy may lead to market chaos and affect the home purchase needs of ordinary citizens.