Macao's residential property price index up 1.9 pct in Q2

Source: Xinhua | 2019-08-09

Macao's overall residential property price index in the second quarter of 2019 grew to 268.4, up 1.9 percent compared to the first quarter, the special administrative region's statistic service said on Thursday.
The latest report from the Statistics and Census Service (DSEC) showed that the indices for existing residential units and pre-sale residential units rose 2.0 percent and 1.2 percent respectively.
As for usable floor area, the indices for residential units with a usable floor area of less than 50 square meters and for those of 100 square meters or more increased 3.0 percent and 2.8 percent respectively quarter-to-quarter.
Compared to the previous period from March to May 2019, the index of second quarter for Macao held steady, but the index for the Macao Peninsula (271.1) edged up 0.1 percent while that for Taipa and Coloane (257.0) dropped 0.2 percent.
The index for existing residential units (289.5) went up 0.3 percent over the previous period, with the indices for those in the Macao Peninsula (285.0), Taipa and Coloane (309.1) rising 0.4 percent and 0.1 percent respectively.
Analyzed by year of building completion, the indices for residential units completed between six and ten years ago and for those built in five years or less increased 2.2 percent and 0.7 percent respectively.
Meanwhile, the index for pre-sale residential units (275.4) decreased 0.8 percent over the previous period.