Property purchases on the rise in Q1

A total of 965 building units and parking spaces were purchased and sold in the first quarter of 2024 as per Stamp Duty record, and the total value of transactions was MOP4.76 billion, up by 19.0% and 26.6% respectively quarter-on-quarter. Data from the Statistics and Census Service (DSEC) shows that purchase and sale of residential units increased by 48 quarter-on-quarter to 573 units, and the total value went up by 16.7% to MOP3.34 billion. Number of existing residential units transacted (530 units) grew by 20.7% and the transaction value (MOP3.11 billion) swelled by 27.6%.