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Residential property price index for the third quarter of 2024


Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index was 211.0 in the third quarter of 2024, down by 3.6% quarter-on-quarter; the indices for the Macao Peninsula (206.7) and Taipa & Coloane (228.2) dropped by 4.1% and 1.4% respectively. The index for existing residential units (226.7) and pre-sale residential units (272.7) reduced by 4.2% and 0.3% respectively.

The overall residential property price index for July - September 2024 decreased by 1.6% over the previous period (June - August 2024). The index for the Macao Peninsula fell by 2.2% while that for Taipa & Coloane climbed by 0.4%.

The index for existing residential units went down by 1.6% from the previous period; the index for the Macao Peninsula dropped by 2.2% while that for Taipa & Coloane grew by 0.4%. Analysed by age of building, the indices for residential units of buildings of all age categories decreased, except the index for those of 5 years old or less that stayed flat over the previous period; the indices for residential units of buildings between 11 and 20 years old and for those over 20 years old dipped by 2.4% and 2.2% respectively. Meanwhile, the index for pre-sale residential units reduced by 0.2%.

With respect to usable floor area, the indices for residential units with a usable floor area with less than 50 square metres and for those with a floor area between 50 and 74.9 square metres decreased by 1.4% and 0.9% respectively from the previous period, while the index for those with a floor area between 75 and 99.9 square metres increased by 2.2%. In terms of high- and low-rise buildings, the indices for residential units of buildings with seven storeys or less and for those with more than seven storeys dropped by 2.1% and 0.6% respectively.

In comparison with July - September 2023, the overall residential property price index went down by 13.2%, with the indices for the Macao Peninsula and Taipa & Coloane falling by 14.1% and 9.7% respectively.



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