According to JLL in its Macau Year-end Property Review 2021, Macau's property market showed signs of recovery in mid-2021, however, the emergence of a new wave of epidemics at the end of the year suppressed the pace of recovery.
On a quarter-over-quarter basis, Q2 2021 saw $2.3 billion in hotel transaction volume across the region, a 5.1% slide from Q1 2021. Japan, Mainland China, Korea and Australia made up the bulk of sales volume during the second quarter, says CBRE.
According to JLL in its Macau Year-end Property Review 2020, Macau's overall property market experienced a relatively moderate contraction in 2020, thanks to its success in having Covid-19 under control locally.
The primary growth node in the Greater Bay Area (GBA) as its concentration of highly innovative and technically-advanced industries could help stimulate economic development.