Macao’s overall property price index has experienced a quarterly slump of 3.5 percent, according to recently released figures from the Statistics and Census Service (DSEC).
The index for pre-sale residential units bucked the trend, however, growing by 2 percent between the second and third quarters.
Year-on-year, for the July-September period, the overall residential property price index was down by 3 percent.
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Macao’s property prices in the Macao Peninsula went down by slightly less than their Taipa and Coloane counterparts, when compared with the June-August period. Year-on-year, however, they have fallen by 3.6 and 0.2 percent, respectively.
Generally, units between 50 and 74.5 square metres in size, located in buildings with more than seven storeys, fared better than smaller units in lower buildings.
Developers remain in a watchful state. A land auction in September – the first since 2008 – attracted just one bid.
