The number of residential units transacted in Macau last year dropped by 4.5 percent year-on-year, to 17,176, according to data from the Statistics and Census Service released today.

The Statistics and Census Service said the drop was related to the measures introduced by the government to curb property prices.

Even so, the total value went up by 28.1 percent to MOP58.86 billion (US$1.1 billion).

Among the residential units transacted, 12,862 units were situated on the Macau Peninsula and 3,317 were in Taipa.

Regarding the price of transaction, a total of 4,872 units were transacted for over MOP4 million.

For 2011 as a whole, the average transaction price of residential units increased by 33.6 percent over 2010 to MOP41,433 per square metre.

The average price of office units rose by 53.5 percent year-on-year to MOP35,076 per square metre, and that of industrial units went up by 72.4 percent to MOP12,001 per square metre.