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Property price index falls 0.3% in June-August

Macao’s overall residential property price index for June-August decreased by 0.3% over the previous survey period (May-July) to 268.0.

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UPDATED: 22 Dec 2023, 5:43 am

Macao’s overall residential property price index for June-August decreased by 0.3 per cent over the previous survey period (May-July) to 268.0, the Statistics and Census Bureau (DSEC) has announced.

According to a DSEC statement earlier this week, the indices for the peninsula (268.8) and Taipa/Coloane (264.3) dropped by 0.3 per cent and 0.6 per cent respectively.

The index for existing residential units (289.1) held steady from the previous period; the index for those in the peninsula (282.9) grew by 0.1 per cent, while the index for those in Taipa/Coloane (314.8) fell by 0.1 per cent. Assessed by year of building completion, the indices for residential units completed between six and 10 years ago and for those built between 11 and 20 years ago fell by 0.5 per cent and 0.3 per cent respectively, while the index for residential units completed five years ago or less rose by 0.3 per cent. The index for pre-sale residential units (276.8) decreased by 0.8 per cent from the previous period.

The index for residential units with a usable floor area of under 50 square metres decreased by 1.1 per cent, while the indices for those with a floor area between 50 and 74.9 square metres and for those with an area between 75 and 99.9 square metres both rose by 0.7 per cent.

In terms of high- and low-rise buildings, the indices for residential units of buildings with seven floors or less and for those with more than seven floors went down by 1.6 per cent and 0.2 per cent respectively, according to the statement.

(The Macau Post Daily/Macau News)
PHOTO © Xinhua News Agency/Cheong Kam Ka

UPDATED: 22 Dec 2023, 5:43 am

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