Macau entering a
Macau is fast entering a new era of spectacular
growth and prosperity, triggered first by the
liberalization of its gaming industry, and bolstered by the
Government’s renewed efforts to
develop its tourism sector.
For several years now Macau has enjoyed double-digit annual
growths in both its gross
domestic product and number of visitors. Investments are pouring
in, and so are tourists lured by Macau’s charms of old and
Parallel to its development in tourism, the former Portuguese
enclave’s real estate market has boomed in recent years, registering
unheard-of growths that saw prices for homes soar to historic
With the acquisition of the UNESCO World Heritage title,
Macau is poised to kick start a new phase of development,
in which its tourism industry is no longer solely dependent
on the neon-lit and the flamboyant.
This ongoing development has also created new opportunities
for real estate investors and developers, as the newly crowned
World Heritage cultural monuments and the adjacent areas are
being transformed into new tourist hotspots.
The golden dawn is as promising as it is enchanting.