Property consultancy Jones Lang LaSalle has highlighted the impact of a potential decline in foot traffic
Macau.- Property consultancy Jones Lang LaSalle (JLL) has reiterated that the closure of satellite casinos in Macau is contributing to a rise in discounted retail properties, particularly in districts like NAPE and ZAPE, where many satellites are located.
JLL’s mid-year 2025 market review highlights concerns over “potential spillover effects on adjacent properties” due to the potential decline of foot traffic and consumer spending in nearby retail spaces. Mark Wong, senior director of value and risk advisory, said this had led to a “more cautious and observant investment environment”.
Retail properties in prime tourist areas have seen some leasing momentum from a tourism rebound, with visitor arrivals hitting 22.68 million in the first seven months of 2025, but capital values for prime street-level retail spaces dropped 6.6 per cent per cent in the first half of 2025. Some high-street units are trading at discounts exceeding 50 per cent from peak valuations, and delinquency rates on commercial real estate loans had climbed to 5.4 per cent by June, analysts said.
Residential capital values also declined, 7.9 per cent for mass-market and 9.6 per cent for high-end properties. JLL anticipates continued pressure.
Property consultancy Jones Lang LaSalle has highlighted the impact of a potential decline in foot traffic Macau.- Property consultancy Jones Lang LaSalle (JLL) has reiterated that the closure of satellite…
Participe da IGI Expo 2026: https://igi-expo.com/


