A new outlook suggests that Macau's economy will grow 2.8% in the year after making no progress in the past four years.

According to a report by local television and radio station Teledipusao de Macao, the world's financial institution praised the local government for weathering the recent storm and keeping unemployment low, but warned that the former region of Portugal remains overly reliant on gambling and should continue its efforts to diversify its economy.

"The magnitude and speed of the impact underscored the need to shift to a more diversified economic model in the future," the International Monetary Fund's report said. "A narrow export base would leave Macau vulnerable to shock, especially with regard to a sharp slowdown on the mainland or policy changes affecting the ability of Chinese residents to spend abroad."

The International Monetary Fund report also declared that Macau's real estate market has stabilized following a four-year recession after house prices nearly quadrupled in six years. And the organization has urged local leaders to introduce new policies to increase housing access while not easing current property restrictions.

However, Gregory Ku, managing director of Jones Lang La Salle Macao, a Macau-based real estate agent, reportedly disagreed on the restrictions and told Teledipusao in an interview that the government should abolish the special sales tax on homes as the policy proved "divisive."

"This special stamp duty is not going to help locals buy homes at lower prices," Ku told Teledipusao de Macau, adding that "it's unhelpful and unrelated, but it's going to reduce transactions to impact markets, impact investors and impact developers." 홀짜게임

However, according to the International Monetary Fund (IMF) survey, Seoul's strong economy is the driving force behind the surge in real estate prices, and he reportedly urged caution, stressing that "raising demand through easing macroprudential regulations amid tight supply can raise prices more than increasing the price burden."

It was open to further measures that could curb property speculation, and was working on both ends of the market by providing public housing to the poorest citizens while making more land available to private developers, especially in new reclaimed land.