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In this issue

REALTORS GO SHOPAHOLIC - Shop properties are delivering. Last year's 20 pct jump in retail sales – plus at least one million square feet under lease – struck a chord with realtors. Who hope to continue making music in the new year | LET ME BREATHE! - It looks like pollution is here to stay. Even though the government says the majority of days are 'good' or 'moderate'. Neglecting to add, however, that local air pollution standards are way less rigorous than those of the World Health Organization | QUALITY, NOT QUANTITY - Two new studies are clear: Macau should target fewer tourists and more visitor expenditure. While more broken records risk being the catalyst for increased anti-tourist blowback | PROPERTY - Several old properties earmarked for budget hotels | SPECIAL REPORT - Land law five years of unrest

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