OFFICE SECTOR

The Macau Government has recently announced that it will relocate most of its offi ces from the private leasing market to government-owned properties. It is hoped that by the end of 2024 most of the departments of government will have been relocated in this way. Over the past few years, the Macau Government has occupied over 1.2 million sq ft of lettable area in the two major business zones of Nam Van and Nape. Including other secondary buildings this fi gure rises to nearly three million sq ft of lettable area, and it is reported that the Macau government typically pays over MOP800 million as rental expenses to private landlords every year, making it one of the largest tenants in the commercial property market.

OFFICE SECTOR

The Macau Government has recently announced that it will relocate most of its offices from the private leasing market to government-owned properties. It is hoped that by the end of 2024 most of the departments of government will have been relocated in this way. Over the past few years, the Macau Government has occupied over 1.2 million sq ft of lettable area in the two major business zones of Nam Van and Nape. Including other secondary buildings this figure rises to nearly three million sq ft of lettable area, and it is reported that the Macau government typically pays over MOP800 million as rental expenses to private landlords every year, making it one of the largest tenants in the commercial property market.