Buying somewhere to live got marginally more expensive, with Taipa and Coloane slightly ahead of the Macao peninsula.
property
Both commercial and residential sales rise as banks hand out loans and government backs first-time buyers.
Macao’s overall residential property price index for June-August decreased by 0.3% over the previous survey period (May-July) to 268.0.
The Legislative Assembly’s (AL) Follow-up Committee for Public Finance Affairs will continue to monitor the government’s immovable property, especially when the government is running a budget deficit this year.
The number of residential and commercial property sales plunged in the first half of the year amid the ongoing coronavirus-induced economic recession. According to real estate experts, the situation today is similar to 2014, when the property market was reeling from a sharp contraction in gross gaming revenue.
The number of property units sold last month fell 43.7% year-on-year to 443.
The average price of residential units decreased by 4.2 per cent quarter-to-quarter to 72,955 patacas per square metre of usable area in the first quarter, the Statistics and Census Bureau (DSEC) announced on Tuesday. The average price of pre-sale residential units dropped by 8.9 per cent to 94,165 patacas per square metre. The average price […]