Industries > Real Estate

​Macao residential property price index edges up 0.5 pct

Xinhua Financein MACAO
2018-09-08 17:31

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The overall residential property price index of Macao from May to July increased 0.5 percent from the previous period of April to June to 270.7, the special administrative region's statistic department said here on Friday.

The latest report from the Statistics and Census Service (DSEC) showed that the indices for the Macao Peninsula (273.1), Taipa and Coloane (259.6) both rose 0.5 percent during the period.

The index for existing residential units (291.3) went up 0.4 percent, with the indices for those in the Macao Peninsula (287.5), Taipa and Coloane (309.0) rising 0.2 percent and 1.2 percent respectively.

Analyzed by year of building completion, the indices for residential units completed between 11 and 20 years ago and those built in five years or less grew 1.3 percent and 1.0 percent respectively, whereas the index for residential units completed between six and 10 years ago dropped 0.9 percent. The index for pre-sale residential units (281.3) increased 0.9 percent.

In comparison with the same period in 2017, the overall residential property price index expanded by 11.0 percent, with the indices for existing residential units and pre-sale residential units rising 12.5 percent and 12.7 percent respectively.
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