Residential property prices drop 0.8 pct last year

2020-02-18 22:51
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Macau's average price per square metre of usable area of residential units dropped 0.8 percent year-on-year to 107,522 patacas (US$13,440) last year, the Statistics and Census Bureau (DSEC) announced today. 

The average price of existing residential units (100,977 patacas) rose 3.9 percent, while the average price of pre-sale residential units (142,487 patacas) dipped 0.1 percent. 

The average price per square metre of office units fell 33.8 percent year-on-year to 108,407 patacas. The average price per square metre of industrial units dropped 2.5 percent to 54,979 patacas. 

A total of 11,022 building units and parking spaces were sold last year, a 26.9 percent decrease year-on-year. Their registered value fell 30.5 percent to 62.2 billion patacas. 


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