Real estate transactions rise to MOP30 billion

Information from the Statistics and Census Service (DSEC) indicated that a total of 4,589 building units and parking spaces were purchased and sold in the second quarter of 2017 as per the Stamp Duty record.

The total value of transactions for the building units and parking spaces was MOP30.1 billion, with the two components up by 37.5 percent and 67.9 percent quarter-to-quarter respectively.

The sale of residential units totalled 3,562, an increase of 1,249 units; the total value amounted to MOP25.64 billion, up by 88.3 percent. Among them, the number of pre-sale residential units sold increased by 123.2 percent to 683, while the total value climbed by 145.3 percent to MOP7.54 billion.

Meanwhile, the purchase and sale of existing residential units totalled 2,879, amounting to MOP18.1 billion, up by 43.4 percent and 71.7 percent respectively.

The average price of pre-sale residential units increased by 7.3 percent quarter-to-quarter to MOP138,840 per square metre. Most of the residential units purchased and sold were located in Baixa da Taipa (394), followed by Coloane (100) and Novos Aterros da Areia Preta (48). The respective average prices per square metre were MOP144,898, MOP136,178 and MOP127,991.

In the second quarter of 2017, a total of 4,102 real estate purchase and sale contracts were signed, and the number of properties sold rose by 1 percent quarter-to-quarter to 4,118. Meanwhile, 3,737 mortgage contracts were signed and the number of properties involved (5,383) increased by 26.8 percent.