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Macao's residential property price index edges down by 0.1 pct

2019-11-10 21:33

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MACAO, Nov. 10 (Xinhua) -- Macao's overall residential property price index from July to September 2019 edged down by 0.1 percent over the previous period from June to August 2019 to 267.6, the special administrative region's statistics department said here on Sunday.

The latest report from the Statistics and Census Service (DSEC) indicated that the index for the Macao Peninsula (268.6) dropped by 0.2 percent, while that for Taipa and Coloane (263.2) rose by 0.5 percent.

The index for existing residential units (287.7) was similar to the previous period, with the index for those in the Macao Peninsula (282.1) dropping by 0.1 percent while the index for those in Taipa and Coloane (311.7) rising by 0.4 percent.

Analyzed by year of building completion, the indices for residential units completed between six and ten years ago and for those built in five years or less decreased by 1.2 percent and 0.8 percent respectively, whereas the index for those completed more than 20 years ago grew by 0.6 percent.

Meanwhile, the index for pre-sale residential units (282.1) held steady compared to the previous period.

The DSEC report added that the overall residential property price index in the third quarter of 2019 dropped by 0.3 percent from the second quarter. The index for existing residential units fell by 0.6 percent whereas that for pre-sale residential units rose by 2.4 percent.
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