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Centaline chair predicts gradual recovery in housing market

Property tycoon Shih Wing-ching has struck an upbeat tone over Macau’s property market, envisaging a gradual recovery this year through lessening economic challenges.

Shih made the sanguine prediction as he presided over a year-end company dinner on Tuesday night.

Last month, the chairman of Centaline Property said in a media interview that declining birthrates were the major drag on the city’s housing market, calling for incentives to attract immigration to the special administrative region.

Read more in Macau News Agency

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