Macau’s overall residential property price index for August – October decreased by 0.5% over the previous period (July – September 2020) to 267.6, the Statistics and Census Bureau (DSEC) said in a statement yesterday.
The index for the Macau peninsula (267.9) fell by 0.7 percent, while that for Taipa & Coloane (266.5) rose by 0.4 percent, the statement said.
The index for existing residential units (287.2) decreased by 0.8 percent from the previous period, with the indices for those on the peninsula (280.8) and Taipa & Coloane (313.4) dropping by 0.8 percent and 0.7 percent respectively, the statement noted.
Analysed by year of building completion, according to the statement, the indices for residential units completed between six and 10 years ago and for those built more than 20 years ago went down by 1.0 percent and 0.9 percent respectively, whereas the index for residential units completed within the past five years dropped by 0.6 percent. Meanwhile, the index for pre-sale residential units (284.5) increased by 1.2 percent.
The indices for residential units with a usable floor area between 50 and 74.9 square metres and for those with an area between 75 and 99.9 square metres decreased by 1.4 percent and 0.4 percent respectively, while the index for those with a floor area of 100 square metres and above went up by 3.5 percent, the statement said.
