Residential property price index for March – May 2019

Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for March - May 2019 increased by 0.9% over the previous period (February - April 2019) to 268.3. The indices for the Macao Peninsula (270.9) and Taipa & Coloane (257.5) rose by 1.1% and 0.2% respectively.

The index for existing residential units (288.7) went up by 0.9%, with the index for those in the Macao Peninsula (284.0) rising by 1.3% while the index for those in Taipa & Coloane (308.8) dropping by 0.4%. Analysed by year of building completion, the indices for residential units completed between 6 and 10 years ago and for those built between 11 and 20 years ago grew by 2.7% and 1.6% respectively, whereas the index for those completed in 5 years or less edged down by 0.1%. Meanwhile, the index for pre-sale residential units (277.7) increased by 0.5%.

In comparison with March - May 2018, the overall residential property price index and the indices for existing residential units and pre-sale residential units each saw an increase of 1.2%.

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