Information from the Statistics and Census Service indicates that in the first half of 2006, a total of 6,427 contracts of sales and purchases of real estate were made, with value of MOP4.83 billion. The number and value were down 47.0% and 52.5% respectively over the same period of 2005. In the second quarter of 2006, a total of 3,423 contracts of sales and purchases of real estate were made, of which 4,059 real estate units were transacted, amounting to MOP2.6 billion. The number and value went down 54.9% and 53.7% respectively over the second quarter of 2005. In comparison with the first quarter of 2006, the number and value increased 10.6% and 16.1% respectively. In the first half of 2006, the total value of mortgage credits reached MOP42.92 billion, up 3.9 times year on year. In the second quarter of 2006, the total value of mortgage credits was MOP40.26 billion, of which the mortgage credits not involving actual property transactions reached MOP39.08 billion, mainly due to the increase in the mortgage credits of the gaming sector. The mortgage credits related to purchases of real estate reached MOP1.18 billion, equivalent to 2.9% of the total. The total amount increased 7.4 times over the second quarter of 2005; credits involving actual property transactions registered a decrease of 44.1%. In comparison with the first quarter of 2006, the above indicators were up 14.2 times and 32.3% respectively. According to the information supplied by the Finance Services Bureau, the real estate market in the first half of 2006, a total of 10,397 units were transacted, with value of MOP 8.06 billion. In the second quarter of 2006, 5,594 units with a total value of MOP 4.69 billion were transacted. The majority was residential units (68.6% of the total; 3,835 units) with value of MOP 2.98 billion. Among all the units transacted, 1,065 units were exempted from property tax (i.e. they were new buildings) with their value amounting to MOP 2.07 billion. In the second quarter of 2006, the average transaction price of residential units per square meter of usable area in Macao and the Macao Peninsula were MOP10,008 and MOP8,760, down slightly by 0.6% and 0.7% over the second quarter of 2005, but up 2.7% and 6.3% over the first quarter of 2006 respectively. Moreover, the average transaction price of residential units in Taipa was MOP14,122/m2, up 5.1% over the second quarter of 2005 and down 4.4% over the first quarter of 2006. In the second quarter of 2006, the average transaction price of industrial units per square meter of usable area continued to rise, at MOP3,834, up 17.6% and 2.8% over the second quarter of 2005 and first quarter of 2006 respectively. In the second quarter of 2006, the average transaction price of office units per square meter of usable area was MOP17,653, up 24.8% and 2.2% over the second quarter of 2005 and first quarter of 2006 respectively. Among the office units, the area of NAPE e Aterros da Baía da Praia Grande recorded the highest average, at MOP19,611/m2, whereas the area of Zape had the lowest average, at MOP13,783.
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