Macau’s overall residential property price index for November 2019-January 2020 dropped 0.9 per cent over the previous survey period (October-December 2019), the Statistics and Census Bureau (DSEC) announced on Monday.
The indices for the peninsula and Taipa/Coloane fell 1.0 per cent and 0.6 per cent respectively.
The index for existing residential units declined 1.1 per cent. The indices for residential units completed more than two decades ago and for those built five years or less ago decreased 1.5 per cent and 0.5 per cent respectively, while the index for residential units completed between six and 10 years ago grew 1.6 per cent.
The index for pre-sale residential units rose 0.5 per cent.
The indices for residential units with a usable floor area of less than 50 square metres and for those of 100 square metres or more decreased 1.2 per cent and 1.0 per cent respectively, while the index for residential units with a floor area between 75 and 99.9 square metres recorded an 0.7 per cent rise.
The indices for residential units in buildings with seven floors or less and for those with more than seven floors decreased 2.8 per cent and 0.6 per cent respectively.
(The Macau Post Daily/Macau News)
PHOTO © Petrie PR
