Macau | Construction and real estate data show continued deceleration – DSEC

Macau (MNA) – Total value of building units and parking spaces transactions in the third quarter of the year decreased by 48.1 per cent quarter-to-quarter to MOP15.62 billion (US$1.94 billion), official data by the Statistics and Census Service (DSEC) revealed on Friday. A total of 2,818 were purchased and sold in Q3.

Purchase and sale of residential units totalled 2,088, a quarterly decrease of 1,474 units, with a value of MOP12.41 billion, DSEC says. The figures represent a 51.6 per cent decrease q-t-q.

Especially remarkable was the fall by 63.3 per cent to 251 of pre-sale residential units purchased and sold, with the total value dropping by 67.9 per cent to MOP2.42 billion.

The overall average price of residential units decreased by 4.8 per cent quarter-to-quarter to MOP99,276 in the quarter, data shows. However, the average price of pre-sale residential units was 4.5 per cent up quarter-to-quarter to MOP145,075 per square metre.

Number of real estate properties involved in the 3,430 purchase and sale contracts signed in the quarter was 14.7 per cent down quarter-to-quarter, to 3,513.

On the other hand, the average price of industrial units was up by 13.6 per cent quarter-to-quarter to MOP57,746 per square metre and that of office units rose by 4.6 per cent to MOP120,763, DSEC says.

There were 20,324 residential units in the design stage, 10,024 under construction and 839 under inspection, DSEC informed.