Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for March - May 2020 increased by 0.7% over the previous period (February - April 2020) to 264.7. The indices for the Macao Peninsula (265.2) and Taipa & Coloane (262.5) rose by 0.4% and 2.0% respectively.
The index for existing residential units (283.5) went up by 0.2%, with the indices for those in the Macao Peninsula (277.0) and Taipa & Coloane (310.4) rising by 0.1% and 0.5% respectively. Analysed by year of building completion, the indices for residential units completed between 11 and 20 years ago grew by 0.8%, whereas the index for those built in 5 years or less fell by 0.5%. Meanwhile, the index for pre-sale residential units (278.9) rose by 0.3%.
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 0.9% and 0.5% respectively, whereas the index for those with a floor area between 75 and 99.9 square metres fell by 0.5%. 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 both recorded growth.View gallery