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Macao's residential property price index stable from Sept. to Nov.

January 10, 2020


Abstract : Macao's residential property price index of the period from September to November 2019 held steady at 267.4 compared to the previous period from August to October 2019, the special administrative region's statistic service said here Thursday.

MACAO, Jan. 9 (Xinhua) -- Macao's residential property price index of the period from September to November 2019 held steady at 267.4 compared to the previous period from August to October 2019, the special administrative region's statistic service said here Thursday.

The latest report from the Statistics and Census Service (DSEC) showed that the index for the Macao Peninsula (268.9) grew by 0.1 percent while that for Taipa and Coloane (261.5) dropped by 0.3 percent.

The index for existing residential units was 288.0, with the index for those in Taipa and Coloane (310.4) dropping by 0.6 percent whereas the index for those in the Macao Peninsula (282.5) remained steady over the previous period.

Analyzed 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 2.4 percent and 0.8 percent respectively, while the index for those completed more than 20 years ago grew by 0.4 percent.

Meanwhile, the index for pre-sale residential units (279.1) decreased by 0.2 percent from the previous period.

In comparison with the period from September to November 2018, the overall residential property price index and the index for existing residential units fell by 1.1 percent and 1.3 percent respectively, whereas the index for pre-sale residential units increased by 2.5 percent.

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Keyword: Macao residential property

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