Macao's residential property price index edges down 0.1 pct

MACAO - The overall residential property price index of Macao from August to October 2019 decreased 0.1 percent to 267.4 over the previous period from July to September 2019, the special administrative region's statistic department said on Sunday.

The latest report from the Statistics and Census Service (DSEC) indicated that the index for Taipa and Coloane dropped 0.3 percent to 262.3, whereas that for the Macao Peninsula held steady at 268.6 from the previous period.

The index for existing residential units went up 0.1 percent to 288.0, with the indices for those in the Macao Peninsula (282.4), and Taipa and Coloane (312.3) rising 0.1 percent and 0.2 percent respectively.

Analyzed by year of building completion, the indices for those built in five years or less and for those completed between six and 10 years ago both fell by 0.5 percent, whereas the index for those built between 11 and 20 years ago grew 2.1 percent.

Meanwhile, the index for pre-sale residential units decreased 0.9 percent to 279.6 from the previous period.

In comparison with the period from August to October 2018, the overall residential property price index and the index for existing residential units fell 0.5 percent and 0.8 percent respectively, whereas the index for pre-sale residential units increased 2.3 percent.