Residential price index up 1 pct in May-July: govt

2020-09-09 03:00
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Macau’s overall residential property price index for May-July rose by 1.0 percent over the previous period (April-June) to 268.8, the Statistics and Census Bureau (DSEC) said in a statement yesterday.

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

The index for existing residential units (289.0) rose by 1.0 percent, with the indices for those in the peninsula (282.7) and Taipa-Coloane (315.2) growing by 1.0 percent and 1.1 percent 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 percent, while the index for residential units completed between six and 10 years ago dropped by 0.1 percent. Meanwhile, the index for pre-sale residential units (279.0) grew by 0.3 percent.

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 percent and 0.8 percent respectively, while the index for those with a floor area of 100 square metres and over dipped by 0.1 percent.

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