Macao's residential property price index up by 0.3 pct from May to July

Source: Xinhua| 2019-09-06 20:45:59|Editor: Shi Yinglun
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MACAO, Sept. 6 (Xinhua) -- The overall residential property price index in Macao from May to July 2019 increased to 269.3 by 0.3 percent over the previous period from April to June 2019, the special administrative region's statistic service said here on Friday.

The latest report from the Statistics and Census Service (DSEC) showed that the indices for the Macao Peninsula (271.4), Taipa and Coloane (260.4) rose by 0.1 percent and 1.3 percent respectively.

The index for existing residential units (289.7) went up by 0.1 percent, with the index for Taipa and Coloane (309.4) rose by 0.1 percent, whereas that for the Macao Peninsula (285.1) was similar to the previous period.

The indices for residential units completed more than 20 years ago grew by 0.2 percent, whereas the index for residential units completed between 11 and 20 years ago and for those built in 5 years or less down by 1.3 percent and 0.1 percent respectively.

Meanwhile, the index for pre-sale residential units (280.8) increased by 2.0 percent, the DSEC report added.

In comparison with the period from May to July 2018, the overall residential property price index and the indices for existing residential units each saw a decrease of 0.5 percent. Meanwhile, the index for pre-sale residential units fell by 0.2 percent.

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