The city saw a slight decrease of 15.3 per cent month-on-month for total housing transactions in February but a 103.7 per cent surge when compared to the same month in 2016, the latest official data released by the Financial Services Bureau (DSF) discloses.
Of the total transactions during the month of February, 427 were residential units on the Macau Peninsula, down 16.9 per cent month-on-month although double when compared to February 2016, according to Business Daily’s calculations of official data.
Some 84 units were transacted in Taipa Island last month, indicating a month-on-month decrease of 27 per cent but an increase of 75 per cent year-on-year.
Official data reveals that there were a total of 35 transactions of residential units in Coloane in February, which indicated increases for both monthly (16) and yearly (18) transactions.
Total off-plan sales for February, meanwhile, increased 20 per cent month-on-month from 60 to 72.
When compared to 32 transactions a year ago, the number from February this year climbed by 125 per cent.
In particular, off-plan units on the Peninsula and Coloane both recorded 33 transactions, respectively, with the number for Coloane representing a surge of 153.8 per cent month-on-month and 83.3 per cent year-on-year.
Meanwhile, transactions on completed units, amounting to 474 in February, decreased by 19 per cent month-on-month, but the number doubled vis-à-vis the same month a year ago.
Housing prices dipped month-on-month
Apropos the average housing price in February, DSF data shows that the city experienced a small drop of 1.4 per cent month-on-month, amounting to MOP88,440 (US$11,053) per square metre compared to MOP89,727 per square metre in January.
Nevertheless, the cost increased 19.9 per cent year-on-year compared to MOP73,733 per square metre a year ago.
District-wise, housing prices for Coloane experienced a slight increase, up 0.1 per cent month-on-month from MOP123,294 in January to MOP139,374 per square metre last month. The amount, however, rose by 50 per cent year-on-year as compared to MOP92,914 per square metre.
Housing on the Macau Peninsula and in Taipa stood at MOP81,752 and MOP94,726 per square metre, representing declines of 1.7 per cent and 7.2 per cent month-on-month, respectively.
According to Bureau data, the city’s average off-plan prices declined by 7.5 per cent month-on-month to MOP123,143 per square metre. But when compared to MOP94,468 a year ago, these prices represent a sharp climb of 30.4 per cent.
In more specific terms, all districts of the city – the Macau Peninsula, Taipa and Coloane – saw housing prices decrease month-on-month at 9.1 per cent, 3.8 per cent and 7.2 per cent, respectively.
For the average cost of completed units, a slight drop of 0.6 per cent month-on-month was recorded, to MOP82,313, with only units on the Peninsula increasing, by 1.1 per cent. The price also indicated an increase of 16.4 per cent year-on-year.