A total of 3,166 building units and parking spaces were purchased and sold as per Stamp Duty record in the third quarter of 2016, down by 18.4 percent quarter-to-quarter.
According to information from the Statistics and Census Service (DSEC), the total value of transactions was MOP 17.22 billion, down 10 percent quarter-to-quarter.
Purchase and sale of residential units totaled 2,399, amounting to MOP14.54 billion, down by 19.5 percent and 4.8 percent respectively.
Pre-sale residential units purchased and sold increased by 49.6 percent to 347, and the total value rose significantly by 112.3 percent to MOP3.79 billion. DSEC attributes the hike to the commencement of pre-sales of new and large-scale housing estates.
On the other hand, purchase and sale of existing residential units totaled 2,052, amounting to MOP10.75 billion, down by 25.4 percent and 20.4 percent respectively.
The average price per square meter of usable area of residential units increased by 12.8 percent quarter-to-quarter to MOP88,564 in the third quarter. The average price per square meter of pre-sale residential units rose by 10.1 percent to MOP118,097.
The average price in the Macau Peninsula rose by 8 percent, while that in Taipa and Coloane dropped by 10 percent and 1.3 percent respectively. Many of the pre-sale residential units purchased and sold were in Cidade & Hipódromo da Taipa (182), Coloane (45) and Móng Há & Reservatório (34), and the average price per square meter was MOP 122,415, MOP103,352 and MOP 103,828 respectively.
According to DSEC, the average price of existing residential units increased by 7.2 percent quarter-to-quarter to MOP81,302 per square meter.
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