The Government planned shortly to launch mortgage- and tax-related measures designed to control the price of Macao housing, in order to promote a healthy development of the market.
The Chief Executive, Mr Chui Sai On, made the announcement this evening in Beijing during a media briefing to conclude his four-day duty visit.
The Government had studied closely measures to control the city’s high housing prices, and had received a number of suggestions from the community, said Mr Chui.
He stated the Government would start in 2018 work relating to a long-term mechanism for sharing fiscal reserves and the establishment of an investment and development fund.
In addition, Mr Chui said the Government would announce soon Macao’s quotas regarding the right of local entities to operate cross-boundary transport services via the soon-to-be-completed Hong Kong-Zhuhai-Macao Bridge.
The issue was still being discussed between Hong Kong, Zhuhai and Macao. Macao cross-boundary transport services seeking to use the cross-delta bridge fell into the following categories: private vehicles; vehicles for official use; coach services; and taxis.
When asked about the progress of plans for a cross-boundary flood control system, Mr Chui said the Government was working to resolve some technical issues relating to such a system; the current plan involved a design of movable gates, which could be opened or shut when the situation required it, he added.