June to August property index down 13.6% y-o-y

The overall residential property price index for June – August fell 0.9% compared with the previous three-month period (May – July) to 214.5 points, the Statistics and Census Service (DSEC) has reported.

The indices for the Macau Peninsula (211.3) and Taipa & Coloane (227.3) also fell 1% and 0.2%, respectively.

The index for existing residential units (230.4) decreased 1.1% from the previous period while the indices for those in the Macau Peninsula (220.0) and Taipa & Coloane (271.9) dipped by 1.3% and 0.5% respectively.

The indices for residential units of buildings five years old or less and for those over 20 years old fell by 1.7% and 1.4% respectively.

The index for those between six and 10 years old grew 0.8%.

Concurrently, the index for pre-sale residential units (273.2) decreased 0.1%.

The indices for residential units with a usable floor area between 50 and 74.9 square meters and for those with a floor area of less than 50 square meters decreased by 1.2% and 0.3%, respectively, from the previous period.

However, the index for those with a floor area of 100 square meters and over increased 0.6%.

In comparison year-on-year with June – August 2023, the overall residential property price index fell by 13.6% with the indices for the Macau Peninsula and Taipa & Coloane registering respective decreases of 13.9% and 12.1%.