Residential property price index for January – March 2021


Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for January - March 2021 decreased by 0.7% over the previous period (December 2020 - February 2021) to 261.2. The indices for the Macao Peninsula (260.7) and Taipa & Coloane (263.5) dropped by 0.8% and 0.4% respectively.

The index for existing residential units (280.5) went down by 0.6%; the index for those in the Macao Peninsula (271.8) fell by 0.8% while that for Taipa & Coloane (316.5) stayed flat over the previous period. Analysed by age of building, the indices for residential units of buildings between 6 and 10 years old and for those of 5 years old or less dropped by 3.1% and 1.4% respectively, whereas the index for those between 11 and 20 years old grew by 0.9%. Meanwhile, the index for pre-sale residential units (286.4) rose by 0.6%.

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 decreased by 1.8% and 1.1% respectively, while the index for those with a floor area between 75 and 99.9 square metres increased by 0.8%. 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 fell by 0.1% and 0.8% respectively.

Analysed by quarter, the overall residential property price index in the first quarter of 2021 dropped by 2.8% compared to the fourth quarter of 2020.



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