Residential Property Prices Decline in Q3

The overall residential property price index fell 0.4% quarter-on-quarter to 191.6 in July-September, according to data from the Statistics and Census Service (DSEC). The Macau Peninsula index declined 0.4%, while Taipa & Coloane remained unchanged. Prices for existing units dropped 0.9%, led by buildings aged 6-10 and over 20 years, whereas pre-sale units rose 0.7%. Year-on-year, the overall index decreased 9.2%, reflecting weaker market activity and the introduction of new pre-sale properties during the quarter.