DSSOPT | More private housing available on the market

Laborers work at a construction site in Macau

The fourth quarter of last year has seen 10 construction projects involving private residential buildings being granted with user licenses. According to the Land, Public Works and Transport Bureau (DSSOPT), more than 800 residential units will be made available through these projects.
In a press release issued yesterday, DSSOPT stressed that both the usable areas and unit numbers of the 14,800 residential units in 112 projects either completed or under construction have soared by 50 percent year-on-year, with 90 percent of units in 22 projects belonging to class MA (higher than 50 meters) and the rest in the remaining 90 projects below Class A (under 50 meters).
Among the 112 construction projects, 20 of them have already been completed and are being subjected to building inspections, while 92 are currently under construction. The rest have been granted the permit for using. Such projects are expected to generate some 11,500 parking areas for private cars, and more than 4,100 for motorcycles to the city.
The 92 construction projects under construction involve a total of 13,500 units and 14,400 parking areas, with 76 projects in the Macau Peninsula, 6 in Taipa and 10 in Coloane.
Still, according to DSSOPT, the construction projects involving private residential buildings in the planning stage over the past quarter reached a total of 221, providing roughly 23,400 residential units and more than 27,800 parking areas.