Overall residential property price index for 4Q rises
2022-02-09 03:40
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According to a statement from the Statistics and Census Bureau (DSEC) yesterday, Macau’s overall residential property price index for the fourth quarter increased by 0.3 percent over the previous quarter to 267.6.
The statement noted that the indices for the peninsula (267.2) rose by 0.3 percent, while those for Taipa and Coloane (269.4) increased by 0.5 percent.
Meanwhile, the statement pointed out that the existing residential units (286.1) index decreased by 0.2 percent from the previous period, with the indices for those in the peninsula (277.8) dropping by 0.1 percent, and for Taipa and Coloane (319.6) dropping by 0.5 percent.
The statement added that with data analysed by year of building completion, the indices for residential units of buildings aged between six and 10 years old dipped by 2.8 percent, while there was a 1.5 percent dip for those aged between 11 and 20 years. Meanwhile, the pre-sale residential units (315.8) index went up by 2.8 percent.
The statement pointed out that the indices for “residential units with a usable floor area of 100 square metres or more” decreased by 1.5 percent, while those “with a floor area between 50 and 74.9 square metres” dropped by 0.2 percent.
Moreover, the indices for both residential units with a floor area of less than 50 square metres and for those with a floor area between 75 and 99.9 square metres increased by 0.7 percent.
For both high-rise and low-rise buildings, the index for residential units of “buildings with seven stories or less” went up by 1.4 percent, while the index for those with over seven stories went down by 0.4 percent, the statement said.
The statement noted that analysed by quarter, the fourth quarter’s overall residential property price index decreased by 0.6 percent from the previous quarter. The index for existing residential units decreased by 1.4 percent, while pre-sale residential units went up by 7.2 percent.
The overall average residential property price index decreased by 0.1 percent year-on-year to 266.8 in 2021, according to the statement.
For further information, the DSEC can be contacted by phoning 8399 5311 or emailing info@dsec.gov.mo, as well as by visiting www.dsec.gov.mo.
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