Residential property price index for November 2017 – January 2018
The Statistics and Census Service (DSEC) started compiling the residential property price index with data from the past three consecutive months, and releases the results on a monthly basis to improve the timeliness of the statistics.
The overall residential property price index for November 2017-January 2018 grew by 3.3% over the previous period (October-December 2017) to 257.2, mainly attributable to the 14.0% rise in the index for pre-sale residential units (274.2). Meanwhile, the index for existing residential units (270.7) went down by 0.4%.
Analysed by district, the overall residential property price indices for the Macao Peninsula (257.9) and Taipa & Coloane (254.1) increased by 2.1% and 9.1% respectively from the previous period. With respect to existing residential units, the index for those in the Macao Peninsula (265.9) dropped by 0.5% while the index for those in Taipa & Coloane (292.9) rose by 0.3%.
Analysed by year of building completion, the indices for existing residential units built in 5 years or less (257.1) and for those completed between 11 and 20 years ago (269.4) increased by 2.9% and 0.4% respectively from the previous period; meanwhile, the indices for units completed between 6 and 10 years ago (243.7) and for those built more than 20 years ago (268.4) went down by 3.4% and 0.6% respectively.
In comparison with November 2016-January 2017, the overall residential property price index expanded by 12.8%, with the indices for existing residential units and pre-sale residential units rising by 11.8% and 16.8% respectively.