Residential real estate trade drops 21.6pct y-on-y in 2020

In 2020 the purchase and sale volume of residential units decreased by 21.6 per cent year-on-year to 6,483 units, with total transaction value dropping by 16 per cent to MOP42.9 billion (US$5.3 billion).

The average price per square metre of usable area of residential units was MOP105,064 in 2020, down by 2.3 per cent year-on-year.

The largest drop in average square meter price was reported in Taipa (MOP107,771), a 4.4 per cent fall, followed by Coloane (MOP120,240) and the Macau Peninsula (MOP102,097), with 2.2 per cent 2.7 per cent drops.

The average price of existing residential units (MOP97,721) went down by 3.2 per cent year-on-year, while that of pre-sale residential units (MOP148,024) increased by 3.9 per cent.