Information from the Statistics and Census Service indicated that in the first quarter of 2007, a total of 4,547 real estate sale and purchase contracts were made, of which 5,940 real estate units were transacted, amounting to MOP4.1 billion. The number of units and value went up 61.9% and 83.1% respectively over the first quarter of 2006. In comparison with the fourth quarter of 2006, the number and value increased 30.8% and 32.1% respectively. In the first quarter of 2007, the total value of mortgage credits granted was MOP6.92 billion, of which the mortgage credits not involving actual property transactions reached MOP5.08 billion, whereas those related to purchases of real estate was MOP1.83 billion, equivalent to 26.4% of the total. The total value of mortgage credits jumped by 160.3% over the first quarter of 2006, and the credits involving actual property transactions soared by 106.4%. Compared with the fourth quarter of 2006, the above indicators were up 56.1% and 63.4% respectively. According to the information supplied by the Finance Services Bureau, in the first quarter of 2007, a total of 10,324 building units were transacted in the real estate market, with a total value of MOP14 billion. Residential units took up a predominant share of 67.7% at 6,987 units, accounting for MOP12 billion in value. Among all the units transacted, 3,632 units were exempted from property tax (i.e. they were new buildings) and their value amounted to MOP9.5 billion. In the first quarter of 2007, the average transaction price of residential units per square meter of usable area was MOP12,433, up 27.5% and 13.4% over the first quarter and fourth quarter of 2006 respectively. Meanwhile, the average transaction prices of residential units in the Macao Peninsula and Taipa were MOP11,117 and MOP15,988 per square meter respectively, higher than the levels recorded in the first quarter and fourth quarter of 2006. Moreover, the average transaction price of residential units in Coloane was MOP16,117 per square meter, up 2.5% over the fourth quarter of 2006. The average transaction price of industrial units per square meter of usable area was MOP4,266, up 14.4% over the first quarter of 2006 and down 3.8% over the fourth quarter of 2006. In addition, the average transaction price of office units per square meter of usable area was MOP21,735, up 25.8% and 4.4% over the first quarter and fourth quarter of 2006 respectively. Among the office units, the area of Baixa de Macau recorded the highest average, at MOP22,810 per square meter, whereas the area of NAPE e Aterros da Baía da Praia Grande had the lowest average, at MOP21,268.
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