Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for January - March 2018 increased by 0.6% over the previous period (December 2017-February 2018) to 253.4. The indices for the Macao Peninsula (253.6) and Taipa & Coloane (252.1) rose by 0.6% and 0.1% respectively.
The index for existing residential units (267.7) grew by 0.7% from the previous period, with the indices for those in the Macao Peninsula (262.6) and Taipa & Coloane (291.2) rising by 0.8% and 0.3% respectively.
The index for pre-sale residential units (270.0) increased by 0.2% over the previous period. Analysed by year of building completion, the indices for residential units built more than 20 years ago and completed between 11 and 20 years ago both went up by 0.9%, whereas the index for those built in 5 years or less dropped by 0.5%.
Analysed by quarter, the overall residential property price index in the first quarter of 2018 (253.4) grew by 1.8% compared to that in the fourth quarter of 2017 (248.9). The index for pre-sale residential units rose by 12.3%, while that for existing residential units dropped by 1.5%.
With respect to usable floor area, the indices for residential units with a usable floor area of less than 50 square metres and for those with an area between 50 and 74.9 square metres increased by 3.5% and 3.3% respectively quarter-to-quarter. Analysed by building height, the index for residential units of buildings with more than seven storeys rose by 4.2% quarter-to-quarter.