Residential property price index for February – April 2018


Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for February - April 2018 decreased by 0.7% over the previous period (January - March 2018) to 251.5, mainly caused by a drop of 7.0% in the index for pre-sale residential units (251.1); meanwhile, the index for existing residential units (275.9) grew by 3.1%.

Analysed by district, the overall residential property price indices for the Macao Peninsula (251.5) and Taipa & Coloane (251.2) went down by 0.8% and 0.4% respectively; meanwhile, the indices for existing residential units in the Macao Peninsula (271.6) and Taipa & Coloane (295.4) rose by 3.4% and 1.4% respectively.

With respect to year of building completion, the indices for residential units completed between 6 and 10 years ago and those built more than 20 years ago went up by 4.1% and 3.6% respectively, whereas the index for those built in 5 years or less dropped by 0.4%.

In comparison with February - April 2017, the overall residential property price index expanded by 4.4%, with the indices for existing residential units and pre-sale residential units rising by 7.9% and 4.7% respectively.



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