The decision to shut down Macau’s satellite casinos by year-end is beginning to significantly impact local real estate, particularly around the NAPE district, according to Chong Sio Kin, Chairman of New Orient Group, the operator behind Macau’s leading satellite casino, Landmark.
Speaking at a recent Real Estate Association gathering, Chong revealed that numerous leases in the area have already been cancelled or terminated since the closures were announced, which does not bode well for the future.
Fellow satellite operations Fortuna and Kam Pek Paradise are also situated nearby, which is only adding to concerns for the district.
Although gaming operator SJM has announced intentions to acquire two other satellite properties, Ponte 16 and L’Arc, Landmark unfortunately faces certain closure. Chong expressed that these closures sent a “shockwave” through the aforementioned market, triggering immediate and severe impacts.
“The news has immediately impacted the real estate market in the NAPE area, with multiple cases of lease cancellations and order withdrawals,” Chong explained. He voiced concerns that the industry faces prolonged uncertainty and predicted that additional economic consequences from the casino closures would become increasingly apparent over time.
Real estate data does also point towards Chong’s concerns being true because during the first half of May 2025, average prices for property in Macau fell to MOP$69,634 per square meter, a sharp 25% decrease from MOP$91,711 just one year ago.
To mitigate these impacts, Chong suggested that local authorities get more involved by potentially introducing proactive policies to rebuild market confidence and stimulate investments in a post-satellite casino world.
Previous coverage has indicated that merchants operating near the soon-to-be-closed satellite casinos are also reconsidering their locations, since they won’t be receiving the same footfall numbers, likely impacting revenue dramatically.
Thankfully, satellite casino workers’ jobs appear to be secure at this time, but the bleak news of the real estate industry in the area just showcases the economic ripple effect the closures may have on Macau’s commercial environment, particularly around the NAPE area.
