As economy grows，property market grows.If Gross Domestic Product is negative，employment rate will rise.Asset price will fall and property market goes to downturn.The GDP of Macau became negative during the early half 2009 when the financial crisis swept the whole world.Macau’s property market went through the bottom from the fourth quarter in 2008 to the first quarter in 2009.After this short bottom，both the transaction volume and transaction price change to and enter an upward track in the second quarter of 2009.In the supply side，2009 and 2010 will be adequate but 2011 and 2012 will be short.There is a trend that the newly built flats change from large area to small one.From July 2009 onwards，the transaction volume turns back to the normal healthy level.Foreign investors’ proportion sharply drops from 35% in 2006 to 13% in 2009.From the end of 2009 onwards，government expenditure and private investment as well as services export （mainly the gambling industry） will increase.We expect the GDP change to positive and the property market change to and enter an upward track.