Residential property price index rises 3.3 pct

2018-03-09 07:50
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Macau’s overall residential property price index for November 2017-January 2018 grew 3.3 percent over the previous survey period (October-December 2017), the Statistics and Census Bureau (DSEC) announced yesterday.

A DSEC statement attributed the increase mainly to the 14.0 percent rise in the index for pre-sale residential units, while the index for existing residents units dropped 0.4 percent.

The bureau said it recently started compiling the overall residential property price index with data from the past three consecutive months. It will release the results on a monthly basis, aiming to improve the timeliness of its statistical output.

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