Property price index falls 0.3 pct in June-August: DSEC

2020-10-09 17:29
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Macau's overall residential property price index for June-August decreased by 0.3 percent over the previous survey period (May-July) to 268.0, the Statistics and Census Bureau (DSEC) has announced. 

According to a DSEC statement earlier this week, the indices for the peninsula (268.8) and Taipa/Coloane (264.3) dropped by 0.3 percent and 0.6 percent respectively.

The index for existing residential units (289.1) held steady from the previous period; the index for those in the peninsula (282.9) grew by 0.1 percent, while the index for those in Taipa/Coloane (314.8) fell by 0.1 percent. Assessed by year of building completion, the indices for residential units completed between six and 10 years ago and for those built between 11 and 20 years ago fell by 0.5 percent and 0.3 percent respectively, while the index for residential units completed five years ago or less rose by 0.3 percent. The index for pre-sale residential units (276.8) decreased by 0.8 percent from the previous period.
  
The index for residential units with a usable floor area of under 50 square metres decreased by 1.1 percent, while the indices for those with a floor area between 50 and 74.9 square metres and for those with an area between 75 and 99.9 square metres both rose by 0.7 percent. 

In terms of high- and low-rise buildings, the indices for residential units of buildings with seven floors or less and for those with more than seven floors went down by 1.6 percent and 0.2 percent respectively, according to the statement. 
  

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