In 2015, the Macau government has announced one of the most influential amendment to the land law no 10/2013 . It expressly empowers the government to forfeiture/terminate/revoke of land tenure if there was no development being executed as per the land contract. This becomes very alarming for property investor.
The law permits some excuses for the landlord if they can show the reasons why tenure non-fulfillment persists. Engineering technical reasons are usually considered acceptable if it is convincing.
In 2020, the post-pandemic has caused many asset be evaluated and be available for sale. Property investor must pay enough attention for the effective tenure legitimacy.
Recent Comments