Macao’s overall residential property price index for January-March fell by 1.4 per cent compared with the three months from last December to February.
The Statistics and Census Bureau (DSEC) announced that the indices for the peninsula dropped by 0.9 per cent and Taipa-Coloane by 3.3 per cent.
The index for existing residential units decreased by 1.5 per cent from the previous period, with the indices for those in the peninsula and Taipa-Coloane dropping by 1.2 per cent and 2.6 per cent respectively.
Analysed by age of building, the indices for residential units of buildings aged between 11 and 20 years and for those over 20 years old dipped by 2 per cent and 1.8 per cent respectively, while the index for those aged between six and 10 years grew by 1.5 per cent.
The index for pre-sale residential units went down by 4 per cent.
The indices for residential units with a usable floor area between 75 and 99.9 square metres and for those with a floor area of 100 square metres and over decreased by 4.7 per cent and 2.9 per cent respectively, while the index for those with an area between 50 and 74.9 went up by 0.2 per cent.
The indices for residential units of buildings with seven storeys or less and for those with more than seven storeys fell by 2 per cent and 1.6 per cent respectively.
Analysed by quarter, the overall residential property price index in the first quarter of the year dropped by 2.9 per cent quarter-to-quarter, The Macau Post Daily reported.