Price per square metre for housing in Macau rises 14 pct in 2nd quarter

19 August 2013

The average price per square metre for housing bought in the second quarter of the year in Macau totalled 88,957 patacas (US$11,119), which was a quarterly rise of 14 percent according to the region’s Statistics and Census Bureau.

The rise was due unfinished housing units being sold at high prices making up a significant part of the total transactions.

On the Macau peninsula the average price per square metre for unfinished or off-plan housing units rose 16 percent, and on Taipa Island fell by 1 percent.

The average price per square metre for unfinished housing units that were sold in the period was 108,903 patacas (US$13,612), rising 12 percent.

For units that have already been finished, the average price per square metre was 63,130 patacas (US$7,891), having risen 6 percent in the quarter.

The average price per square metre for housing bought on the Macau peninsula and on Taipa Island both rose by 5 percent, whilst the price on Coloane Island rose by 42 percent. (macauhub)

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