Slight growth in residential property price index

The overall residential property price index in the third quarter of 2017 grew by 1.3 percent quarter-to-quarter to 256.3, marking the sixth consecutive quarter of growth and yet it showed a slowdown from the 3.7 percent increase in the previous quarter. The indexes for the Macau Peninsula (257.1) and Taipa and Coloane (252.7) rose by 1.3 percent and 1.1 percent respectively. According to information released by the Statistics and Census Service, the index for existing residential units (263.8) went up by 1.6 percent quarter-to-quarter, with the index for the Macau Peninsula (248.8) rose slightly by 0.9 percent and Taipa and Coloane (331.6) increased by 4.2 percent.

In terms of building completion (grouped by year of completion), the indices for existing residential units completed between six and ten years ago (263.5) and between 11 and 20 years ago (267.3) registered a larger growth of 7.3 percent and 1.4 percent respectively, while the index for those built within five years or less (234.7) dropped by 2.6 percent. The index for pre-sale residential units (260.9) grew by 5.5 percent quarter-to-quarter.

Analyzed by usable floor area, the index for residential units with a usable floor area between 75 and 99.9 square meters (237.6) increased by 4.7 percent quarter-to-quarter and the index for those with a floor area of 100 square meters or more (235.4) rose by 1.4 percent.