Residential property price Index for January – March 2020


Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for January - March 2020 decreased by 0.2% over the previous period (December 2019 - February 2020) to 264.1. The indices for the Macao Peninsula (265.7) and Taipa & Coloane (257.6) dropped by 0.2% and 0.4% respectively.

The index for existing residential units (284.1) went up by 0.3%; the index for those in Taipa & Coloane (308.9) rose by 1.4%, while the index for those in the Macao Peninsula (278.1) held steady from the previous period. Analysed by year of building completion, the indices for residential units completed between 6 and 10 years ago and for those built in 5 years or less dropped by 0.9% and 0.3% respectively, whereas the index for residential units completed more than 20 years ago grew by 0.6%. Meanwhile, the index for pre-sale residential units (280.8) decreased by 1.6%.

The indices for residential units with a usable floor area of 100 square metres or more and for those with less than 50 square metres increased by 3.9% and 0.7% respectively, whereas the index for those with a floor area between 75 and 99.9 square metres fell by 2.6%. In terms of high- and low-rise buildings, the indices for residential units of buildings with seven storeys or less and for those with more than seven storeys rose by 0.9% and 0.2% respectively.

Analysed by quarter, the overall residential property price index in the first quarter of 2020 fell by 1.3% compared to the fourth quarter of 2019. The indices for existing residential units and pre-sale residential units dropped by 0.9% and 1.0% respectively. The index for existing residential units in the Macao Peninsula slid by 1.3% quarter-to-quarter; the indices for those in Parish of São Lourenço and Parish of São Lázaro decreased by 5.3% and 1.8% respectively, whereas the index for those in Parish of Sé increased by 1.3%.



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