Macau: The overall residential property price index for September-November was 206.5, down 12.3% year on year

The Zhitong Finance App learned that on January 7, data from the Macau Statistics and Census Bureau showed that the overall residential property price index for September to November 2024 was 206.5, down 1.7% from the previous period (August to October 2024), while the Macau Peninsula (200.8) and Cotai (229.1) decreased by 2% and 0.8% respectively. Compared with the same period in 2023, the overall residential property price index fell 12.3% year-on-year from September to November 2024, while the indices for the Macau Peninsula and Cotai region declined by 14% and 5.8%, respectively.

The Spot Housing Index (222.8) fell 1.5% from the previous period, while the Macau Peninsula (209.4) and Cotai (276.1) declined by 1.9% and 0.6%, respectively. According to the age of buildings, the residential property price index for 5 years or less and 20 years or more decreased by 1.9% and 1.1%, respectively, and increased by 0.3% for 6 to 10 years. The house flower index (267.7) fell 1.9%.

According to the unit saleable area statistics, the residential property price index of 100 square meters and above decreased by 2.2% compared to the previous period. 50 to 74.9 square meters also decreased by 1.9%, while those under 50 square meters rose 0.3%. According to high-rise and low-rise buildings, the price index for buildings with seven floors or less fell by 2.6%, and the drop was 0.5% for those with seven floors or more.