PRIVATE SECTOR CONSTRUCTION ANDREAL ESTATE TRANSACTIONS

PRIVATE SECTOR CONSTRUCTION AND REAL ESTATE TRANSACTIONS

Government of Macao Special Administrative Region

Statistics and Census Service

1

QUARTER 2021

MOP/m²

Average price of building units Average price of residential units

Current quarter

Previous quarter

Quarter-to- quarter (%)

Residential 100 217 108 969 -8.0

Macao Peninsula 97 798 102 842 -4.9

Taipa 103 634 118 329 -12.4

Coloane 107 789 121 007 -10.9

Office 113 331 108 050 4.9

Industrial 51 631 40 856 26.4

Móng Há & Reservatório 132 651 109 712 170 860

Cidade & Hipódromo da Taipa 132 379 102 568 175 596 Average price of residential units in selected districts

MOP/m² All

residential units

Existing residential units

Pre-sale residential units

Doca do Lamau 110 647 108 423 #

Ilha Verde 108 475 108 475 ~

Fai Chi Kei 123 125 102 375 152 744

NATAP 115 379 115 379 ~

MOP/m² Total Macao Peninsula Taipa

Coloane 107 789 99 709 131 142

Transaction of residential units

Number Value (MOP million)

Alameda Dr. Carlos d' Assumpção No. 411-417, Dynasty Plaza, 17^th floor, Macao Tel: (853) 8399 5311 Fax: (853) 2830 7825 E-mail: [email protected] Official Statistics. Reproduction of these data is allowed provided the source is quoted.

www.dsec.gov.mo

100 - 149.9 m² 97 055 94 333 101 247

≧ 150 m² 90 224 74 261 99 447

2021.05

< 50 m² 109 784 103 660 147 938

50 - 99.9 m² 99 547 98 065 99 567

Average price of residential units by usable area

統 計 暨 普 查 局

All residential units Existing residential units

Pre-sale residential units

• The average price per square metre of existing residential units decreased by 4.0% quarter-to-quarter, with the prices of those between 6 and 10 years old and those of 5 years old or less dropping by 4.2%

and 3.9% respectively; in contrast, the average price of those between 11 and 20 years old rose by 1.1%. Meanwhile, the average price of pre-sale residential units dipped by 4.3% quarter-to-quarter.

• Analysed by statistical district, the residential units in Móng Há &

Reservatório had the highest average price per square metre (MOP132,651), followed by those in Cidade & Hipódromo da Taipa (MOP132,379).

Pre-sale units 11-20 years

≤ 5 years 6-10 years

21-30 years > 30 years

 A total of 1,987 building units and parking spaces were purchased and sold at MOP10.52 billion in the first quarter, down by 16.1% and 22.4% respectively quarter-to-quarter.

 Purchase and sale of residential units decreased by 320 quarter-to-quarter to 1,310 units, and the total transaction value fell by 26.5% to MOP8.47 billion.

Number of existing residential units transacted (1,179 units) dropped by 13.4% and the transaction value (MOP7.37 billion) went down by 16.1%. Transaction volume (131 units) and value (MOP1.10 billion) of pre-sale residential units declined by 51.1% and 59.7% respectively quarter-to-quarter.

 The average price per square metre of usable area of residential units decreased by 8.0% quarter-to-quarter, with the prices of those in the Macao Peninsula, Taipa and Coloane falling by 4.9%, 12.4% and 10.9% respectively.

 The average prices per square metre of usable area of office units and industrial units rose by 4.9% and 26.4% respectively quarter-to-quarter.

100 332 108 969

100 217

94 236 99 375 95 409

133 707

156 474

149 714

40 000 60 000 80 000 100 000 120 000 140 000 160 000

2019 Q1 Q3 Q1

2020 Q3 Q1

2021 MOP/m²

131 130

116

105 532

296

1 103

1 276

1 183 956

2 848 1 108

- - - - - - - -

Sources of data: Financial Services Bureau; Land, Public Works & Transport Bureau;

2︱Private Sector Construction and Real Estate Transactions

"Completion of buildings" prior to the second quarter of 2017.

Design stage: Projects of which the draft construction plan was submitted but construction works have not yet started.

Total 1 987 -16.1 10 521 -22.4

Shop 97

Others 3 -66.7 9 -92.0

Parking space 543 -4.4

Residential 1 310 -19.6 8 474 -26.5 Building units (No.)

Residential 2 228 3 117 -889

Shop 490

Shop 3

Real estate purchased and sold 3 681 4 037 -356

Current quarter

Previous quarter

Quarter-to- quarter difference

Residential 1 510

18 10 29 1

-11.8 942 31.5

Industrial 1 - - - 3

752 5.3

- 1

24

Purchase and sale of building units and parking spaces Overview of private sector construction projects Number Quarter-to-

quarter (%)

Value (MOP million)

Quarter-to- quarter (%)

Industrial 16 6.7 224 17.8

Office 18 -51.4 120 -61.1

322 10

Office - - -

Residential 2 214 3 262 -1 048

Parking space 369 400 -31

Parking space 1 325 742 583

Real estate mortgage 3 115 3 963 -848

Total 8 505 2 596 1 683

Macao Peninsula 6 180 893 401

Residential and parking space 98 83 15

Private residential units as at end of current quarter by stage of construction

Design stage

Under construction (not yet inspected)

Completed (under inspection)

Taipa 1 215 1 588 -

Coloane 1 110 115 1 282

First quarter data on residential units of past years

1 215 2 313 3 627 1 379 981

2016 2017 2018 2019 2020

Number of units purchased and sold

1

Quarter 2021

Number of residential units issued with the licence of use 127 513 247 35 1 065

Symbols: ~ No figure provided - Absolute value equals zero # Confidential data

not yet been issued.

Glossary:

Request for approval: Projects of which the draft construction plan was submitted for approval during the reference period.

Approvals: Projects that were issued the project licence for construction, expansion and superstructure works during the reference period.

Construction permit issued: Projects that were issued the construction permit to start construction, expansion and superstructure works during the reference period. It was referred to as "Construction of new buildings" prior to the second quarter of 2017.

Request for inspection: Projects for which an application for building inspection was made during the reference period.

Licence of use issued: Projects that were issued the licence of use (also known as occupation permit) during the reference period. It was referred to as

Under construction (not yet inspected): Projects that were issued the construction permit but an application for building inspection has not yet been made.

Completed (under inspection): Projects for which an application for building inspection was made or the inspection was done, but the licence of use has

For additional information:

Notary Office and Private Notary Offices http://www.dsec.gov.mo/e/private_construction.aspx

Average price (MOP/m²) 72 955 90 858 112 304 102 576 100 332

Value of units purchased and sold (Million MOP) 5 553 13 613 24 310 8 316 6 134

21 969 20 120 22 466 384

Request for approval

Approvals Construction permit issued

Request for inspection

Licence of use issued

Parking space for car 19 229 228 352 15

Residential 252 231

Parking space for

motorcycle 2 110 110 190 -

Gross floor area (m²)

63

Office - - - - 300

Industrial 1 118 - - - 28 233

8 878 1 368 2 487

• As regards construction in the private sector, there were 8,505 residential units in the design stage and 2,596 under construction as at the end of the first quarter. Residential units under inspection totalled 1,683, with 1,282 units in Coloane and 401 units in the Macao Peninsula; studio flats accounted for 59.4% of the total.

• During the quarter, 231 residential units were issued the construction permit, all of which were located in the Macao Peninsula; studio flats and two-bedroom units made up 44.2% and 31.2% of the total respectively.

• Meanwhile, 10 residential units were issued the licence of use, and all of them were studio flats situated in the Macao Peninsula.