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An Exploration of Residential Property Development and Management in the Macau Special Administrative Region

LEE Hyunjeong 1 윤정득 2

1경희대학교
2강남대학교

Accredited

ABSTRACT

The main goal of this research is to examine the development and management of residential properties in the Macau Special Administrative Region. Based on in-depth interviews and site visits, this research finds that the housing policy in Macau centers on not just housing production but its property management. It's noted that the roles of the government are specified in the housing mechanism: it plays a regulatory role in the supply of private housing while it does a facilitatory role in the production of public housing. Further, the government is responsible to provide lower-income households with public housing in the form of either ownership or rental while private housing is available for those who can afford without any support from the public sector. There were two primary reasons to emphasize residential property management. The high populace forced the city to choose high-density residential properties as a solution to meet the high demand for housing. The other reason is to address public sanitation affected by poor and inadequate upkeep and deterioration in the aging process of residential properties. In midst of economic growth, the proliferation of housing production addresses professionalism in residential property management. The research implies that the housing policy in Korea deals with the importance of both housing production and property management, and the institutional supports in doing so are essential.

Citation status

* References for papers published after 2023 are currently being built.