There are many good reasons for moving to Macau and an increasing number of people are doing so. For a start, Macau is unique. Its mix of Chinese and Portuguese culture gives it a highly vibrant feel. It is also a world class city and every kind of amenity is to be found here. Many people used to associate it simply with gaming and casinos, but it is a lot more than just that. Its economy and has become far more diversified and is now embracing a general boom. Macau is further spurred on by the fact that it is a SAR or Special Administrative Region of China. It is close to both Hong Kong and to Guangdong and it plays a crucial part of both the finances and trade of the entire region, which is known as the Greater Bay Area.
It is easy to purchase a property here, but there is plenty on offer when it comes to Macau for rent. There is a full range of both residential and commercial options. And those options are well-protected whether you are acting as a tenant or a landlord, thanks to the transparency of the entire rental business. Disputes tend to be few and far between and everyone is aware of the various situations that impact renting in Macau. This is largely thanks to easy-to-understand rental contracts and processes.
Let’s take a look at the different kinds of properties in Macau for rent.
Residential rentals
These consist of mostly apartments of various kinds. These can range from straightforward studios that will suit students and those who are first venturing into Macau properties. Then there are serviced apartments, which are ideal if you are looking for a short-term to mid-term stay or are traveling on business. Much like living in a hotel, they offer quality stays and have a variety of amenities.
Other kinds of apartments can easily be rented, with different numbers of bedrooms, level of luxury, and so on. Some of the more luxurious apartments will have considerable benefits. Think a fitness center, swimming pool, clubhouse or perhaps all three. Layouts will be sophisticated and the apartment will feature all manner of contemporary furnishings and fittings. Head for Cotai and Taipa if you are looking for a high-end apartment. Many are spacious enough for families, but will naturally also suit couples and individuals.
You can also find family homes of various kinds, especially if you look in Coloane, which is home to villas and larger properties. The area offers a great deal of privacy and tranquility. There are also occasionally heritage homes to be rented; these will be filled with old colonial grace notes such as heavy wood flooring, beautifully tiled roofs and perhaps ornate gardens. There is no upper end when it comes to luxury living in Macau.
Commercial rentals
These consist of various types of spaces and there is considerable diversity on offer if you are looking at properties in Macau for rent.
Macau has many shopping areas and is recognized as a world-class destination when it comes to tourism. It is possible to rent a shop or space in a mall, row of shops or in a resort which offers shop space.
Financial institutions along with branches of multinational companies are using Macau as a base and there are first-class office spaces to be found in the core business areas here. These offices will be smart and sophisticated and come with every kind of state-of-the-art amenity.
At the same time, there are plenty of other kinds of office space elsewhere and if you are looking for a cheaper rent, then you will find opportunities just outside the key business areas.
Plenty of startups are coming to Macau and there is now a call for flexible work spaces in the central areas that would suit those who need co-working spaces with simple but practical amenities.
Market concerns
If you are looking at Macau for rent you cannot help but notice that the market here is resilient. And at the same time, rents tend to remain stable. The demand remains high and due to Macau’s limited space, supply tends to be on the low side. This especially applies to any properties, whether residential or commercial, that can be considered to be in the luxury bracket.
Meantime, Macau’s expatriate community continues to flourish and more and more people wish to move here. They are looking for properties, especially apartments, in Macau for rent. And all the while, international companies are similarly moving to Macau and requiring office and retail space.
If you are looking for residential or communal properties in Macau for rent, then we invite you to contact us at JML, as we have many different kinds on our books, with new arrivals every month. We can make your search much easier for you, despite the high demand for rental properties in Macau. Similarly if you are interested in renting out your property, we would like to hear from you.