Information from the Statistics and Census Service shows that in the first quarter of 2005, construction of 14 buildings was started. They included residential, residential & other uses, industrial and buildings for other uses. The gross floor area was 80,901m², up 70.8% and down 65.6% in comparison with the first quarter and the fourth quarter of 2004 respectively. The total number of units was 652, up 346.6% and 129.6% over the first quarter and the fourth quarter of 2004 respectively. In the first quarter of 2005, 9 buildings were completed or extended. They included residential, residential & other uses, commercial, offices and buildings for others uses. The gross floor area was 82,574 m², up 101.7% and down 19.0% in comparison with the first quarter and the fourth quarter of 2004 respectively. The total number of units was 49, down 71.3% and 92.4% compared with the first quarter and the fourth quarter of 2004 respectively. According to the information supplied by the Finance Services Bureau, 8,350 units with a total value of MOP 5.52 billion were transacted in the first quarter of 2005. Among them, 4,882 were residential units, with a value of MOP 3.74 billion. Among all the building units transacted, 1,214 units were exempt from property tax (i.e. they were new buildings) with their value amounting to MOP 1.54 billion. In the first quarter of 2005, the average transaction price of residential units per square meter of usable area was MOP9,190, up 25.2% and 6.4% respectively over the first quarter (MOP7,343) and the fourth quarter of 2004 (MOP8,635). Meanwhile, the average transaction prices of residential units in the Macao Peninsula and Taipa were MOP7,911 and MOP11,949 per square meter respectively, higher than the levels recorded in the first quarter and the fourth quarter of 2004. Moreover, the average transaction price of residential units in Coloane was MOP12,146 per square meter, up from MOP7,648 of the first quarter of 2004 and from MOP11,128 of the fourth quarter of 2004. In terms of year of building completion, in the first quarter of 2005, the overall average transaction price per square meter in Macao was MOP16,108 for the residential units completed in “2000 and after”, up 34.1% and 3.5% compared with the first quarter of 2004 (MOP12,008) and the fourth quarter of 2004 (MOP15,566) respectively. For those completed “From 1990 to 1999”, the average price was MOP9,402, up 29.4% and 7.7% over the first quarter of 2004 (MOP7,267) and the fourth quarter of 2004 (MOP8,728) respectively. The average price for those completed in “1989 and before” was MOP5,282, up 22.9% over the first quarter of 2004 (MOP4,297) and 5.2% over the fourth quarter of 2004 (MOP5,022).
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