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Residential property prices drop 0.8% last year

Macau’s average price per square metre of usable area of residential units dropped 0.8% year-on-year to MOP107,522 (US$13,440) last year.

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UPDATED: 22 Dec 2023, 5:43 am

Macau’s average price per square metre of usable area of residential units dropped 0.8 per cent year-on-year to 107,522 patacas (US$13,440) last year, the Statistics and Census Bureau (DSEC) announced on Tuesday.

The average price of existing residential units (100,977 patacas) rose 3.9 per cent, while the average price of pre-sale residential units (142,487 patacas) dipped 0.1 per cent.

The average price per square metre of office units fell 33.8 per cent year-on-year to 108,407 patacas.

The average price per square metre of industrial units dropped 2.5 per cent to 54,979 patacas.

A total of 11,022 building units and parking spaces were sold last year, a 26.9 per cent decrease year-on-year. Their registered value fell 30.5 per cent to MOP 62.2 billion (US$7.77 billion).

(The Macau Post Daily/Macau News)

UPDATED: 22 Dec 2023, 5:43 am

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