BUSINESS Macao's residential property price index edges down by 0.2 pct in Q1

BUSINESS

Macao's residential property price index edges down by 0.2 pct in Q1

Xinhua

22:59, May 08, 2020

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File photo: VCG

MACAO, May 8 (Xinhua) -- The overall residential property price index of Macao for the first quarter of 2020 decreased by 0.2 percent over the previous period from December 2019 to February 2020 to 264.1, the special administrative region's statistic service said here on Friday.

The latest report from the Statistics and Census Service (DSEC) indicated that the indices for the Macao Peninsula, Taipa and Coloane dropped by 0.2 percent and 0.4 percent respectively to 265.7 and 257.6.

The index for existing residential units went up by 0.3 percent to 284.1. The index for those in Taipa and Coloane rose by 1.4 percent to 308.9, while the index for those in the Macao Peninsula held steady from the previous period at 278.1.

The index for pre-sale residential units decreased by 1.6 percent to 280.8, the DSEC report added.

The indices for residential units with a usable floor area of 100 square meters or more and for those with less than 50 square meters increased by 3.9 percent and 0.7 percent respectively, whereas the index for those with a floor area between 75 and 99.9 square meters fell by 2.6 percent.

In terms of high- and low-rise buildings, the indices for residential units with seven storeys or less and for those with more than seven storeys rose by 0.9 percent and 0.2 percent respectively over the previous period from December 2019 to February 2020.

Analyzed by quarter, the overall residential property price index in the first quarter of 2020 fell by 1.3 percent compared to the fourth quarter of 2019.

The indices for existing residential units and pre-sale residential units dropped by 0.9 percent and 1.0 percent quarter-to-quarter respectively.

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