Property price index continues to decrease

The overall residential property price index for December 2023 – February 2024 decreased by 0.9% over the previous period (November 2023 – January 2024), now standing at 229.4, new data from the Statistics and Census Service (DSEC) shows. The indices for the Macau Peninsula (229.2) and Taipa & Coloane (230.2) dropped by 0.9% and 0.7% respectively. Meanwhile, the index for pre-sale residential units (255.5) dropped by 0.3%. Compared to the same period last year, the overall residential property price index fell by 6.6%.