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Price pressure pushes Macau residents to move to Zhuhai

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Cross-border calm a refuge from exploding casino economy

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'I moved to Zhuhai from Macau 16 years ago,' says Mr Leu as he rotates skewers of mutton and eggplant over hot coals. 'I was one of the first. Now, everybody is coming here from Macau.'

Mr Leu's street-corner barbecue business is picking up, helped by the spike in Macau visitors flowing across the border into Zhuhai. He even accepts Macau patacas for his sizzling sticks of lamb that he sells for one yuan or one pataca.

Indeed, Macau's exploding casino economy is putting enormous pressure on prices across all property sectors in the island, especially residential units. As a result, a tide of Macau migrants is seeking refuge in Zhuhai's relatively balanced property market.

Many now live full-time in Zhuhai but commute daily to work in the newly integrated resorts of Macau, while wealthier Macanese keep flats for their family in Zhuhai for weekend retreats.

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'According to our office index, the capital value of Macau commercial property and residential property has risen 31 per cent since 2006,' said John Nichols, a senior manager with Jones Lang LaSalle.

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