IN BRIEF: Macau Property says benefit of reopened China slow to arrive
14th Jul 2023 10:28
Macau Property Opportunities Fund Ltd - Macau, China-focused investor - Adjusted net asset value at March 31 is USD1.52 per share, down 5.4% from USD1.61 per share at December 31, as the end of pandemic-era travel restrictions in China failed to give an immediate boost to property prices. Notes a decline in average rents across its residential property market in the first quarter of 2023, with average rent per square feet of usable area of USD1.50, down 2% from the previous quarter and 7% on a year before. Read More