The city’s average housing prices registered another year-on-year fall in June, driving up the total number of transactions throughout the month compared to one year ago, according to the latest official data released by the Financial Services Bureau (DSF). Last month, average home prices in the city decreased by 15.2 per cent year-on-year to MOP78,416 per square metre. Nevertheless, compared to the figure of MOP77,203 per square metre recorded for May, the amount increased slightly by 1.57 per cent. Meanwhile, a total of 794 home transactions were recorded in the territory in the month, an increase of 31.9 per cent compared to one year ago. On a month-on-month comparison however, the number represents a decrease of 23.4 per cent, down from 1,036 transactions seen in May. Home units on the Macau Peninsula changed hands at an average cost of MOP75,516 per square metre last month, down by 10 per cent year-on-year, yet marginally up by 0.96 per cent month-on-month. The peninsula saw a total of 615 units sold and purchased during the month. In addition, average housing prices for residential units in Taipa dropped by 21.4 per cent year-on-year to MOP84,064 per square metre last month. Compared to the figure of MOP78,842 per square metre seen in May, this represents an increase of 6.62 per cent. Some 162 units were sold in the area. Housing prices in Coloane remained the most expensive for the month at MOP99,629 per square metre on average. However, this amount indicates a decrease of 18.3 per cent year-on-year, in addition to a fall of 1.67 per cent month-on-month. Transactions on the island only accounted for 17 of the total number of transactions for the month. Mostly completed units In terms of unit types, nearly 92 per cent of the housing transactions in June were made on completed residential units, with a total of 726, surging by 53.5 per cent year-on-year yet falling by 23.8 per cent month-on-month. These types of properties were sold and purchased at an average price of MOP74,662 per square metre during the month, down by 11.8 per cent year-on-year compared to MOP84,620 per square metre a year ago. On a month-on-month basis, the price dropped marginally by 0.4 per cent. Meanwhile, transactions on units that are still under construction fell by 47.2 per cent year-on-year, or 17.07 month-on-month, totalling 68. The average cost of buying incomplete properties went down by 8.9 per cent year-on-year, but climbed by 6.37 per cent year-on-year. In terms of districts, homes in the University area and Baía Pac On in Taipa showed the highest values, being transacted at an average price of MOP205,199 per square metre on average in June, while those in Patane and near the Ruins of St. Paul’s on the Peninsula were the cheapest, being sold and purchased at MOP58,104 per square metre in the month.
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