Residential property price index for August – October 2018
Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for August – October 2018 decreased by 0.6% over the previous period (July – September 2018) to 268.7; the index for the Macao Peninsula (270.2) dropped by 1.0% while that for Taipa & Coloane (261.5) rose by 1.0%.
The index for existing residential units (290.4) decreased by 0.5% from the previous period; the index for those in the Macao Peninsula (285.5) dropped by 0.8% while the index for those in Taipa & Coloane (312.8) rose by 0.5%. Analysed by year of building completion, the indices for residential units completed between 11 and 20 years ago and over 20 years ago fell by 1.0% and 0.7% respectively, whereas the index for those completed between 6 and 10 years ago grew by 1.3%. Meanwhile, the index for pre-sale residential units (273.2) went down by 0.9%.
In comparison with August – October 2017, the overall residential property price index increased by 6.7%, with the indices for existing residential units and pre-sale residential units rising by 8.4% and 7.1% respectively.