Residential units transactions up in 2023

The purchase and sale of residential units rose 70 year-on-year to 2,879 units, and the total transaction value swelled 1.8% to MOP18.30 billion.

Data from the Statistics and Census Service (DSEC) shows that transaction values of existing residential units (2,722 units) and pre-sale residential units (157 units) amounted to MOP17.42 billion and MOP882 million respectively.

However, in comparison with 2019, the volume and value of residential units transacted declined by 65.2% and 64.2% respectively.

indicated that 4,416 building units and parking spaces were purchased and sold in 2023 as per Stamp Duty record, a decrease of 2.8% year-on-year.

The total value of transactions was MOP23.23 billion, down by 5.9%.

In 2023, the overall average price per square metre of usable area of residential units was MOP93,500, down by 0.3% year-on-year; the average price of those in the Macau Peninsula (MOP89,956) dropped by 3.4%, whereas the prices of those in Taipa (MOP97,367) and Coloane (MOP107,512) went up by 5.6% and 1.3% respectively.

For non-residential units, the average price per square metre of office units increased by 5.4% to MOP89,035, whereas that of industrial units went down by 1.9% to MOP47,238.

When compared to 2019, the average prices of residential units, office units and industrial units decreased by 13%, 17.9% and 14.1% respectively.

New residential construction

In relation to construction in the private sector, there were 6,415 residential units in the design stage, 2,286 under construction, and 322 under inspection as at the end of 2023. During the year, 183 residential units were issued a licence of use, all of which were located in the Macau Peninsula. Staff Reporter