macaupost

Residential property price index rises 8.5 pct in 2018

2019-02-11 08:00     Comment:0

Macau’s overall residential property price index rose by 8.5 percent year-on-year in 2018, a slowdown from the 11.6 percent growth in 2017, the Statistics and Census Bureau (DSEC) has announced.

A DSEC statement released on Friday showed that the 2018 indices for existing residential units and pre-sale residential units increased by 8.9 percent and 11.5 percent respectively year-on-year.

In the fourth quarter of last year, the overall residential property price index decreased by 0.6 percent over the previous survey period (September-November 2018). The indices for the peninsula and Taipa-cum-Coloane both fell by 0.6 percent.

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