Nelson [email protected] A total of 3,882 building units and parking spaces valued at about MOP19.13 billion were sold in the second quarter of 2016, according to Statistics and Census Service (DSEC) data. The rise was based on an increased levels of transactions on existing residential units. Total building units purchased and sold rose 101.3 per cent, while parking spaces rose 126.5 per cent, when comparing the second quarter with the first. The period from April to June saw the first increase in volume and value of real estate deals since the same period of last year. Total volume and value of real estate transactions increased in the second quarter of 2016 by 25.91 per cent and 6.1 per cent year-on-year rise, respectively. Construction The gross floor area of construction in the private sector totalled 59,000 square metres, providing a total of 559 units, of which 534 are residential units; as well as an additional 347 parking spaces, upon completion. Completed construction totalled 28,000 square metres, made up of 71 units (of which 51 are residential) and 59 are parking spaces for cars. In the second quarter of 2016, some 3,731 properties were subject to transaction contracts, up by 43.5 per cent quarter-to-quarter; while 4,906 properties were engaged in mortgage contracts, up by 49.4 per cent. Residential units Residential units were sold in the second quarter of 2016 at an average price of MOP78,532 per square metre of usable area, up 7.6 per cent from the first quarter. The purchase of residential units in the second quarter increased 145.3 per cent quarter-to-quarter, with sales rising 175.2 per cent. The total volume of residential unit sales and purchases in the second quarter amounted to MOP15.28 billion for 2,981 units. Existing residential units registered a 154.1 per cent increase in purchases and 190.4 per cent in sales, totalling 2,749 units, with value reaching MOP13.5 billion. The area near Taipa City registered the priciest residential units followed by Coloane, averaging MOP114,580 and MOP102,366 per square metre, respectively. The average price of existing residential units in the second quarter increased by 8.6 per cent quarter-to-quarter to MOP75,812 per square metre, while average price of units located on the Macau Peninsula and in Taipa rose by 9.6 per cent and 4.1 per cent, respectively. Baixa da Taipa registered 466 existing residential units sold, the most during the period, while the Areia Preta & Iao Hon came in next with 422 and 242 units sold, respectively. Average prices for the two areas amounted to MOP79,041 and MOP74,702 per square metre, respectively. Pre-sales The average price of pre-sale residential units rose by 13.9 per cent to MOP107,227 per square metre in the second quarter, with 232 units sold for a total of MOP1.79 billion. Pre-sale residential units in Taipa saw their average prices rise by 20.1 per cent quarter-to-quarter, while the price of those on the Peninsula and in Coloane increased by 12.9 per cent and 10.8 per cent, respectively. Most pre-sale residential units were sold in Coloane (88 in total) for an average price of MOP104,720 per square metre, followed by the Móng Há & Reservoir area – with 30 units sold for an average price of MOP99,601 per square metre. Classic buildings Most of the residential units purchased and sold, 1,287 units, were built between 21 and 30 years ago, for an average price of MOP69,535 per square metre, an 8.2 per cent increase quarter-to-quarter. Some 648 residential units aged 11 to 20 years were purchased and sold during the second quarter, at an average price of MOP75,588 per square metre, a 6.6 per cent increase. Buildings 30 years and older saw the biggest increase in their average square metre price with a 10.7 per cent rise to MOP49,042, with 341 units purchased and sold in the second quarter of 2016. Offices and industrial property Office units increased by 2.5 per cent quarter-to-quarter in average price, to MOP100,030 per square metre, while industrial units saw a decrease of 5.6 per cent to MOP41,391 per square metre.
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