Residential property sales continue decline in November

The residential property market showed further weakness in November, with total transactions falling to 238 units, down 6% from 253 in October, according to data released by the Financial Services Bureau.

The average price per square meter also declined to MOP69,311, a 4.9% drop from October’s MOP72,873.

Real estate professionals said that sales this year through November totaled just over 2,600 units, signaling a likely record low for the year, with hopes that upcoming policies such as stamp duty exemptions and relaxed mortgage rules may boost transactions next year.

In terms of location, the Macau Peninsula recorded 173 sales, Taipa 44, and Coloane 21, compared with October figures of 181, 34, and 38, respectively.

Average prices per square meter were MOP66,303 in the Peninsula, MOP71,155 in Taipa, and MOP83,707 in Coloane. Local buyers accounted for the majority, with 230 units, of which 59.6% were first-time buyers. Non-residents and corporate buyers made up only eight transactions combined.

Industry insiders noted that despite new policy measures expected in 2026, cautious buyer sentiment and subdued demand have kept prices under pressure, with many owners reducing asking prices by over 10% to encourage sales. LV