Macao's residential property price index rises 1.5 pct

MACAO - Macao's overall residential property price index in the period from March to May 2021 increased by 1.5 percent to 267.6 from the previous period from February to April 2021, the special administrative region's (SAR) statistics service said on Thursday.

The latest report from the Statistics and Census Service (DSEC) showed that the indices for the Macao Peninsula, and Taipa and Coloane rose 1.8 percent and 0.3 percent from the previous period to 268.3 and 264.8, respectively.

The index for existing residential units went up by 1.6 percent from the previous period to 287.8, with that for the Macao Peninsula, and Taipa and Coloane rising by 1.9 percent and 0.3 percent to 280.2 and 318.4, respectively.

Analyzed by the age of buildings, the indices for residential units of buildings between 11 and 20 years old and for those over 20 years old grew by 2.8 percent and 1.9 percent respectively.

Meanwhile, the index for pre-sale residential units rose 1.5 percent to 297.5.

The indices for residential units with a usable floor area between 75 and 99.9 square meters and for those with 100 square meters or more increased by 1.9 percent and 1.7 percent respectively.