Macau's average rent for residential units grew by 3.9 percent year on year to 137 patacas per square metre of usuable area last year, the Statistics and Census Bureau (DSEC) has announced today.
According to a DSEC statement, the average rent per square metre of usuable area for shops fell by 1.1 percent year on year to 479 patacas.
The average rents for office units (293 patacas) and industrial units (123 patacas) dropped by 2.8 percent and 0.1 percent respectively year on year.
"The average rent for residential units registered year-on-year growth, driven by the rise in the number of leases for units in large residential buildings," the bureau said in the statement.
According to the statement, "in terms of usuable area, the average rents per square metre for residential units with an area between 50 and 99.9 square metres, and for those with a floor area of less than 50 square metres... were 135 patacas and 168 patacas respectively , up by 4.1 percent and 4.0 percent year on year.
This photo taken tonight shows a residential building on Patio da Eterna Felicidade on Macau Peninsula. - Photo: Carl Leong
