Information from the Statistics and Census Service indicated that in 2006, 13,593 real estate sale and purchase contracts were made, with a total value of MOP11.62 billion, down 32.1% and 27.4% respectively over 2005. In the fourth quarter of 2006, 3,701 real estate sale and purchase contracts were made, involving the transaction of 4,541 real estate units, a year-on-year increase of 8.0%. The corresponding total value of contracts in the fourth quarter went up 36.1% to MOP3.1 billion. In comparison with the third quarter of 2006, the number of contracts and their value decreased 0.2% and 15.8% respectively. In 2006, the total value of mortgage credits expanded to MOP65.03 billion, up 2.8 times year-on-year. In the fourth quarter of 2006, the total value of mortgage credits was MOP4.43 billion, of which mortgage credits not involving actual property transactions reached MOP3.31 billion, whereas those related to purchases of real estate was MOP1.12 billion, equivalent to 25.3% of the total. The total value of mortgage credits was down 11.6% over the fourth quarter of 2005, and those involving actual property transactions registered an increase of 36.7%. Compared with the third quarter of 2006, the above indicators were down 74.9% and 4.7% respectively. According to the data provided by the Finance Services Bureau, a total of 26,400 units were transacted in the real estate market in 2006, amounting to MOP25.1 billion in value. In the fourth quarter of 2006, the number of units transacted was 9,979 with a total value of MOP11.78 billion. The majority was residential units (64.5% of the total or 6,439 units), accounting for MOP10.34 billion in value. Among all the units transacted, 5,140 units were exempted from property tax (i.e. they were new buildings) and their value amounted to MOP8.78 billion. The average transaction price of residential units per square meter of usable area in 2006 was MOP10,578, up 5.5% over 2005. In the fourth quarter of 2006, the average transaction price of residential units was MOP10,967, up 8.0% over the fourth quarter of 2005 and down 3.1% over the third quarter of 2006. Meanwhile, the average transaction prices of residential units in the Macao Peninsula and Taipa were MOP9,630 and MOP14,544 per square meter respectively, surpassing the average prices in the fourth quarter of 2005 but remained lower than the records in the third quarter of 2006. Moreover, the average transaction price of residential units in Coloane was MOP15,735 per square meter, down 1.0% year-on-year and up 5.6% over the third quarter of 2006. The average transaction price of industrial units per square meter of usable area was MOP4,435, up 26.8% over the fourth quarter of 2005 and down slightly by 0.3% over the third quarter of 2006. In addition, the average transaction price of office units per square meter of usable area was MOP20,819, up 48.7% and 6.3% over the fourth quarter of 2005 and third quarter of 2006 respectively. Among the office units, the area of Praia Grande and Penha recorded the highest average, at MOP25,120 per square meter, whereas the area of Baixa de Macau had the lowest average, at MOP14,595.
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