PRIVATE SECTOR CONSTRUCTION AND REAL ESTATE TRANSACTION
4th QUARTER/2010
No. 4
Official Statistics. Reproduction of these data is allowed provided the source is quoted.
Statistics and Census Service
Alameda Dr. Carlos d’Assumpção, No. 411- 417, Dynasty Plaza, 17th floor, Macao Tel: 8399 5311 Fax: 2830 7825 Printed in February 2011
I. PRIVATE SECTOR CONSTRUCTION
In the fourth quarter of 2010, approvals were granted to the construction of buildings with a gross floor area of 21,201 square metres, which will provide a total of 56 units upon completion, of which 47 are residential units. For the whole year of 2010, construction approvals were granted to buildings with a gross floor area of 95,265 square metres to provide a total of 424 units.
Gross floor area of new buildings started totalled 30,856 square metres in the fourth quarter of 2010, which will provide 189 units, 77 parking spaces for cars and 79 parking spaces for motorcycles upon completion. In 2010, gross floor area of new buildings started was 183,571 square metres that will provide a total of 870 units.
In the fourth quarter of 2010, gross floor area of buildings completed (including extensions) totalled 356,338 square metres, altogether providing 2,043 units, of which 1,987 are residential units, including 1,237 three-bedroom apartments; in addition, a total of 1,815 parking spaces for cars and 569 parking spaces for motorcycles were available. For 2010 as a whole, gross floor area of buildings completed totalled 1,271,509 square metres, providing 4,527 units.
Table 1 - Principal indicators of construction approvals, new buildings and completion of buildings
Construction approvals Construction of new buildings Completion of buildings 2009 2010 2009 2010 2009 2010 End-use
Annual Annual Q4 Annual Annual Q4 Annual Annual Q4 Gross floor area (m²) - total 543 998 95 265 21 201 228 874 183 571 30 856 1 406 242 1 271 509 356 338
Residential 74 428 43 634 3 925 131 594 98 741 15 735 483 631 515 304 266 152
Commercial 43 388 9 637 1 299 9 646 12 773 1 820 29 185 41 908 16 874
Office 449 468 - 449 468 - 25 876 - -
Industrial 9 950 5 998 - 25 579 5 998 - 17 808 - -
Others 415 784 35 527 15 977 61 605 65 591 13 300 849 742 714 297 73 312
Number of units - total 710 424 56 1 547 870 189 3 251 4 527 2 043
Residential 589 347 47 1 429 781 168 3 096 4 066 1 987
Commercial 62 64 7 64 75 17 127 427 49
Office 5 4 - 5 4 - 2 - -
Industrial 36 1 - 37 1 - 2 - -
Others 18 8 2 12 9 4 24 34 7
Parking spaces
For cars 1 528 172 - 607 637 77 6 291 5 072 1 815
For motorcycles 147 50 - 198 195 79 1 750 1 753 569
- Absolute value equals zero
II. TRANSACTION OF BUILDING UNITS WITH STAMP DUTY PAID Transaction of building units
In the fourth quarter of 2010, a total of 8,818 building units were purchased and sold at MOP19.37 billion according to Stamp Duty records, up by 51.0% and 83.3% respectively quarter-to-quarter. Among them, 3,731 new units at MOP11.97 billion were still within the property tax exemption period, up by 1.1 times and 1.4 times respectively quarter-to-quarter.
For the whole year of 2010, a total of 29,617 units valued at MOP56.75 billion were purchased and sold, up by 71.1% and 1.2 times respectively over 2009. Analyzed by end-use, 17,989 residential units were purchased and sold at MOP45.94 billion, up by 59.1% and 1.1 times respectively year-on-year;
moreover, there were 2,099 commercial units, 652 office units, 208 industrial units and 8,483 parking spaces.
Analyzed by year of completion of building, there were 6,722 residential units completed in 2000 and after, with 7,089 units in 1990-1999 and 4,178 units in 1989 and before.
As regards floor area, 8,489 residential units (47.2% of total) had an area of 50 to 99.9 square metres.
Table 2 - Transaction of building units by end-use
2009 2010 End-use
Annual Q4 Annual Q3 Q4
Number of units 17 310 6 588 29 617 5 838 8 818
(Of which: Intermediate Transfer of Title) 4 164 1 168 9 240 1 567 3 462
Residential 11 307 4 548 17 989 3 649 5 084
(Of which: Intermediate Transfer of Title) 2 370 718 5 112 980 1 567
Commercial 1 551 353 2 099 665 559
Office 288 96 652 83 78
Industrial 201 74 208 53 47
Parking spaces 3 853 1 487 8 483 1 345 2 990
Others 110 30 186 43 60
New buildings - subtotal 5 211 1 762 10 576 1 797 3 731 Old buildings - subtotal 12 099 4 826 19 041 4 041 5 087
Value (MOP million) 26 299 10 624 56 754 10 567 19 367
(Of which: Intermediate Transfer of Title) 10 153 3 540 27 841 4 382 10 702
Residential 21 517 8 829 45 939 8 218 16 000
(Of which: Intermediate Transfer of Title) 9 312 3 337 26 182 4 038 9 961
Commercial 2 546 900 5 264 1 383 1 754
Office 430 # 1 316 130 158
Industrial 727 # 422 110 95
Parking spaces 835 334 2 322 407 953
Others 243 75 1 491 320 408
New buildings - subtotal 13 284 4 700 31 263 4 917 11 974 Old buildings - subtotal 13 015 5 924 25 491 5 650 7 393
# Confidential data
A total of 13,528 residential units were situated in the Macao Peninsula, 3,532 in Taipa and 929 in Coloane. Regarding the price of transaction, 2,989 residential units were sold for over MOP4,000,000;
4,539 units for over MOP2,000,000 to MOP4,000,000; 5,252 units for over MOP1,000,000 to MOP2,000,000; and 5,209 units for MOP1,000,000 or less.
For the whole year of 2010, a total of 9,240 units valued at MOP27.84 billion were purchased and sold under Intermediate Transfer of Title, up by 1.2 times and 1.7 times respectively year-on-year.
Graph 1 - Transaction of building units with Stamp Duty paid
Average price of transaction Residential units
In the fourth quarter of 2010, the average transaction price of all residential units amounted to MOP33,397 per square metre, up by 10.1% quarter-to-quarter. The average price of residential units in Taipa increased by 34.8% quarter-to-quarter to MOP39,876 per square metre, attributable to a lot of new units were sold at higher prices. Meanwhile, the average price of those in the Macao Peninsula stood at MOP29,664 per square metre and the price of those in Coloane was MOP64,398 per square metre, both up slightly by 0.5%.
For 2010 as a whole, the average price of residential units increased by 33.5% year-on-year to MOP31,016 per square metre. Analyzed by year of completion of building, the average price of residential units completed in 2000 and after stood at MOP44,100 per square metre and the price of those completed in 1990-1999 was MOP25,236 per square metre, both up by 27.4% year-on-year; the average price of those completed in 1989 and before rose by 36.4% to MOP18,948 per square metre.
Analyzed by floor area, the average transaction price of residential units with an area of smaller than 50 square metres registered the largest increase of 38.3% year-on-year to MOP23,045 per square metre.
For those having an area of 150 square metres and over, the average price went up by 31.9% to MOP51,715 per square metre.
6 588
5 838
8 818
3 462 1 567
1 168
0 2 000 4 000 6 000 8 000 10 000
Q4 2008
Q1 2009
Q2 Q3 Q4 Q1
2010
Q2 Q3 Q4
Total Intermediate Transfer of Title Number
Table 3 - Average transaction price per square metre of residential units in selected districts by year of building completion
MOP
2009 2010
Annual Q4 Annual Q3 Q4
Year of building completion District
Overall 2000 and
after
1990 to 1999
1989 and before Total of Macao 23 235 25 631 31 016 30 347 33 397 45 983 26 742 20 278 Macao Peninsula 22 803 25 415 28 340 29 517 29 664 40 967 25 901 20 154 Areia Preta e Iao Hon 16 385 20 123 21 896 21 887 22 519 22 693 26 168 18 786
NATAP 26 621 30 199 33 538 34 615 32 314 35 019 25 905 ~
Doca do Lamau 28 171 28 727 30 441 28 099 34 437 40 688 24 602 19 759 Horta e Costa e Ouvidor Arriaga 20 906 23 033 26 764 28 603 29 111 35 399 30 090 21 729 ZAPE 18 030 18 776 20 277 20 705 24 399 31 986 22 215 25 068 NAPE e Aterros da Baía da Praia Grande 49 271 52 266 54 402 58 820 51 835 63 565 28 130 29 397 Barra / Manduco 13 491 15 749 24 258 23 058 27 491 53 272 22 042 15 395
Taipa 24 681 26 432 33 278 29 583 39 876 49 768 27 885 26 578
Jardins do Oceano e Taipa Pequena 25 050 27 733 29 527 31 888 28 837 36 256 28 437 # Baixa da Taipa 24 472 26 055 34 122 28 280 41 527 49 931 28 545 25 761
Coloane 18 360 20 120 60 769 64 087 64 398 72 764 30 172 ~
~ No figure provided
# Confidential data
Graph 2 - Average transaction price per square metre of residential units by usable area
53 729
42 564
55 176
30 753 33 472 35 868
30 065 28 994
24 615
23 210 22 214
20 873
10 000 20 000 30 000 40 000 50 000 60 000
Q4 2009
Q1 2010
Q2 Q3 Q4
MOP/m2
≧ 150 m2 100 - 149.9 m2 50 - 99.9 m2 < 50 m2
With regard to the transaction of residential units under Intermediate Transfer of Title, in the fourth quarter of 2010, the average price of those in Taipa rose sharply by 51.6% from the previous quarter to MOP52,842 per square metre, as most of the residential units of high prices in Taipa were transacted under Intermediate Transfer of Title; consequently, the average price of all residential units increased by 8.7% to MOP49,298 per square metre. On the contrary, the average price of those in the Macao Peninsula decreased by 3.3% to MOP43,662 per square metre.
For the whole year of 2010, the average price of residential units purchased and sold under Intermediate Transfer of Title increased by 29.5% over 2009 to MOP47,534 per square metre.
Table 4 - Average transaction price per square metre of residential units under Intermediate Transfer of Title
MOP
2009 2010 District
Annual Q4 Annual Q3 Q4
Total of Macao 36 708 44 935 47 534 45 363 49 298
Macao Peninsula 37 643 47 987 44 116 45 157 43 662
NATAP 37 967 45 334 39 297 38 837 36 014
Doca do Lamau 31 757 37 328 38 319 32 744 43 422
NAPE e Aterros da Baía da Praia Grande 63 057 65 372 73 542 81 190 67 175
Taipa 33 755 35 210 47 046 34 865 52 842
Baixa da Taipa 32 549 33 290 46 114 31 541 52 497
Coloane ~ ~ 62 313 72 097 72 973
~ No figure provided
Industrial units and Office units
In the fourth quarter of 2010, the average transaction price of industrial units was MOP8,049 per square metre, up by 15.0% quarter-to-quarter. For the whole year of 2010, the average price of industrial units increased by 14.5% year-on-year to MOP6,962 per square metre.
Table 5 - Average transaction price per square metre of industrial units by year of building completion
MOP Year of building completion
Year Quarter Industrial units
1990 to 1999 1989 and before
2009 6 079 6 866 5 866
1 6 421 # 6 517
2 5 815 6 958 5 529
3 5 480 6 789 4 760
4 6 293 7 256 6 036
2010 6 962 7 822 6 589
1 6 526 6 601 6 483
2 6 712 8 422 6 079
3 6 998 9 072 6 537
4 8 049 8 813 7 604
# Confidential data
In the fourth quarter of 2010, the average transaction price of office units increased by 15.8%
quarter-to-quarter to MOP27,078 per square metre, with the average price of those in ZAPE rising by 70.1% to MOP32,046 per square metre. For the whole year of 2010, the average price of office units went up by 5.6% year-on-year to MOP22,857 per square metre.
Table 6 - Average transaction price per square metre of office units in selected districts
MOP Year Quarter Total of Macao ZAPE NAPE e Aterros da
Baía da Praia Grande Baixa de Macau
2009 21 650 18 787 23 561 12 605
1 22 228 15 091 23 164 #
2 19 556 18 054 21 230 #
3 20 049 20 213 22 778 11 043
4 23 177 19 793 25 233 14 309
2010 22 857 22 213 23 415 21 435
1 23 740 18 869 28 486 23 186
2 22 169 16 896 22 252 28 838
3 23 374 18 839 27 940 16 305
4 27 078 32 046 27 802 25 801
# Confidenial data
III. REAL ESTATE CONTRACTS AND MORTGAGE CONTRACTS
There were 3,267 cases of real estate sale and purchase contracts made in the fourth quarter of 2010;
the number of units transacted went up by 20.5% quarter-to-quarter to 3,962. For 2010 as a whole, a total of 12,707 cases of real estate sale and purchase contracts were made; the number of units transacted totalled 16,128, up by 39.7% year-on-year.
In the fourth quarter of 2010, there were 2,645 cases of mortgage contracts signed. Among them, 2,137 were residential mortgages, up by 15.9% quarter-to-quarter. For the whole year of 2010, a total of 10,284 cases of mortgage contracts were signed, of which 8,500 were residential mortgages, up by 50.8%
year-on-year.
Table 7 - Real estate contracts and mortgage contracts
Mortgage contract Type of real estate Real estate contract
Building unit Year Quarter
Number of notarized deeds
Number of real estate
Total
Sub-total Residential1 Commercial and office
Other building
units
Others2
2009 9 111 11 546 6 565 6 497 5 636 462 399 68
1 766 1 291 634 626 527 55 44 8
2 2 109 2 847 1 393 1 376 1 227 77 72 17
3 2 825 3 323 2 000 1 981 1 712 159 110 19
4 3 411 4 085 2 538 2 514 2 170 171 173 24
2010 12 707 16 128 10 284 10 183 8 500 778 905 101
1 3 370 4 307 2 716 2 688 2 235 178 275 28
2 3 353 4 572 2 685 2 668 2 284 198 186 17
3 2 717 3 287 2 238 2 214 1 844 180 190 24
4 3 267 3 962 2 645 2 613 2 137 222 254 32
Notes: 1. Including mortgages on residential units with carpark(s).
EXPLANATORY NOTES
1. Real estate: Including land, buildings and building units.
2. Building units: Including residential, commercial, office and industrial units, parking spaces, hotel and other units.
3. New buildings: Refer to building units entitled to property tax exemption, as stipulated in a) and b) of item 1 of Article 9 of the Regulation of Urban Property Tax, which prescribes the following as new buildings: 1) In the Macao Peninsula, not exceeding four years after completion for residential and/or commercial units, and not exceeding five years for industrial units. 2) In the Islands, not exceeding six years after completion for residential and/or commercial units, and not exceeding ten years for industrial units.
4. Intermediate transfer of title: A real estate transaction whose full transfer of ownership has not been completed. For taxation purposes, payment of 0.5% of Stamp Duty gives legal effects to the respective transaction.
5. Information on transaction of building units covers units with Stamp Duty paid in the reference quarter, while data of the Financial Services Bureau refers to residential units with application for payment of Stamp Duty made in the reference quarter; hence, direct comparison of data is inappropriate.
6. Transaction of residential units includes those that were exempt from the payment of Stamp Duty.
7. Average transaction price of building units covers building units with Stamp Duty paid in the reference quarter, excluding gift of property, inheritance, transfer of partial ownership of property, etc. cases bearing peculiar transaction prices.
8. Compilation of the average transaction price of office units only covers office buildings with ten storeys or higher.
9. Sale and purchase contracts and mortgage contracts of building units signed at private or public notaries offices only cover units that have completed the property registration procedure.
The following statistical tables are available for download from our website:
1. Construction of residential units started in the private sector by type of unit 2. Completion of residential units in the private sector by type of unit
3. Notarial deeds by institution
4. Real estate transactions by notarial deed 5. Real estate mortgages by notarial deed 6. Real estate transactions by end-use
7. Real estate transactions by location, value and type of real estate 8. Real estate transactions by value of real estate and mortgage status
9. Real estate transactions with mortgage credits and value of mortgage, by type of mortgage, value of credit and type of real estate
10. Building units transactions with mortgage credits and value of mortgage, by type of mortgage, value of credit and end-use of building unit
11. Real estate transactions by value of real estate, legal nature and place of residence of buyer and seller 12. Real estate mortgages by type of mortgage, value of credit and type of real estate
13. Real estate mortgages by type of mortgage, value of credit and end-use of building unit
14. Real estate mortgages not involving real estate transaction by type of mortgage, value of credit, location and type of real estate
15. Real estate mortgages by type of mortgage, value of credit, legal nature and place of residence of borrower 16. Average transaction price per square metre of residential units by district
16A. Average transaction price per square metre of residential units under intermediate transfer of title by district 16B. Average transaction price per square metre of residential units (excluding intermediate transfer of title and
units scheduled for re-evaluation) by district
17. Average transaction price per square metre of residential units by district and year of building completion 17A. Average transaction price per square metre of residential units under intermediate transfer of title by district
and year of building completion
17B.Average transaction price per square metre of residential units (excluding intermediate transfer of title and units scheduled for re-evaluation) by district and year of building completion
18. Average transaction price per square metre of residential units by usable area
18A. Average transaction price per square metre of residential units under intermediate transfer of title by usable area
18B.Average transaction price per square metre of residential units (excluding intermediate transfer of title and units scheduled for re-evaluation) by usable area
19. Average transaction price per square metre of industrial units by year of building completion
19A. Average transaction price per square metre of industrial units under intermediate transfer of title by year of building completion
20. Average transaction price per square metre of office units by main district
20A. Average transaction price per square metre of office units under intermediate transfer of title by main district 21. Residential units sold by main district and year of building completion
22. Residential units sold by main district and usable area 23. Residential units sold by main district and transaction value
The following tables are available in the Monthly Bulletin of Statistics of DSEC Table 40 - Buildings completed – private sector
Table 41 - Units and area of buildings completed – private sector Table 42 - Buildings started – private sector
Table 43 - Units and area of buildings started – private sector
Table 44 - Units and gross floor area of buildings completed – private sector Table 45 - Units and gross floor area of buildings started – private sector Table 46 - Building units sold as per Stamp Duty records
Table 47 - Value of building units sold as per Stamp Duty records
Table 48 - Number of buyers of transacted building units by end-use of unit and buyer's status as per Stamp Duty records
Table 49 - Value of transacted building units by end-use of unit and buyer's status as per Stamp Duty records Table 53 - Deeds notarized by type
Table 54 - Transactions of real estate by declared value Table 55 - Mortgage loans by credit value
SOURCES – Lands, Public Works and Transport Bureau Financial Services Bureau
1st Notary Office, 2nd Notary Office, Notary Office of the Islands and private notary offices
ACCESS TO STATISTICAL INFORMATION
Further statistical information can be obtained from the Documentation and Information Centre of the Statistics and Census Service of Macao:
Alameda Dr. Carlos d´Assumpção, No. 411-417, Dynasty Plaza, 17th floor,
Macao
Tel. : 8399 5311 Fax : 2830 7825
E-mail: info@dsec.gov.mo Website: www.dsec.gov.mo
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