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Residential price index up 1% in May-July

Macao’s overall residential property price index for May-July rose by 1.0% over the previous period (April-June) to 268.8.

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Macao’s overall residential property price index for May-July rose by 1.0 per cent over the previous period (April-June) to 268.8, the Statistics and Census Bureau (DSEC) said in a statement on Tuesday.

The indices for the peninsula (269.5) and Taipa-Coloane (265.9) increased by 1.0 per cent and 0.6 per cent respectively.

The index for existing residential units (289.0) rose by 1.0 per cent, with the indices for those in the peninsula (282.7) and Taipa-Coloane (315.2) growing by 1.0 per cent and 1.1 per cent respectively.

Analysed by year of building completion, the indices for residential units completed in five years or less and for those built between 11 and 20 years ago both rose by 1.2 per cent, while the index for residential units completed between six and 10 years ago dropped by 0.1 per cent. Meanwhile, the index for pre-sale residential units (279.0) grew by 0.3 per cent.

The indices for residential units with a usable floor area between 75 and 99.9 square metres and for those with an area between 50 and 74.9 square metres increased by 2.0 per cent and 0.8 per cent respectively, while the index for those with a floor area of 100 square metres and over dipped by 0.1 per cent.

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

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