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Macau residential property prices rise 22 pct in 2014

The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced last Tuesday. The average price per square metre of residential units in the Macau Peninsula (95,576 patacas), Taipa (106,316) and Coloane (122,697) rose 19.8 percent, 29.6 percent […]

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UPDATED: 22 Dec 2023, 5:51 am

The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced last Tuesday.

The average price per square metre of residential units in the Macau Peninsula (95,576 patacas), Taipa (106,316) and Coloane (122,697) rose 19.8 percent, 29.6 percent and 20 percent respectively.

The average price per square metre of pre-sale residential units (156,164 patacas) and existing residential units (85,219) rose 48.1 percent and 28.8 percent respectively.

The average price per square metre of office units and industrial units reached 121,112 patacas and 54,250 patacas respectively, up by 62.5 percent and 60.9 percent year-on-year.

Both the volume and value of real estate transactions suffered year-on-year declines last year: 13,200 building units and parking spaces changed hands at 83.69 billion patacas, down by 31.2 percent and 12.9 percent respectively.

A total of 7,625 residential units worth 49.8 billion patacas changed hands last year, down by 36.7 percent and 27 percent respectively.

The total value of pre-sale residential units (1,282) and existing residential units (6,343) amounted to 15.61 billion patacas and 34.18 billion patacas respectively.

(macaunews/macaupost)

UPDATED: 22 Dec 2023, 5:51 am

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