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Residential price on the rise

Wed, 9th Aug 2017

The Statistics and Census Service stated that the overall residential price index in the second quarter of 2017 increased by 3.7 percent from the previous quarter to 253. 

According to Macau Daily Times, this marks the fifth consecutive quarter of increase. The index for the Macau Peninsula is 253.7 and 249.9 for Taipa and Coloane respectively. Both have risen from the first quarter of 2017 by 3.6 percent and 4.3 percent respectively. 

Meanwhile, the index for pre-sale residential units is 247.2, increasing by 6 percent quarter-to-quarter. 

The index for residential units with a usable floor area between 50 to 74.9 square meters is 281.7, increasing by 5.7 percent quarter-to-quarter, while the index for those with a floor area of 100 square meters or more is 232.1, rising by 4.3 percent.