PRIVATE SECTOR CONSTRUCTION AND REAL ESTATE TRANSACTION

(1)

TRANSACTION

4^th QUARTER/2009

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, 17^th floor, Macao Tel: 8399 5311 Fax: 2830 7825 Printed in February 2010

I. PRIVATE SECTOR CONSTRUCTION

In the fourth quarter of 2009, approvals were granted to the construction of a gross floor area of 20,924 square metres that will provide 57 units upon completion, of which 48 are residential units. For the whole year of 2009, construction approvals were granted to a gross floor area of 543,998 square metres to provide a total of 710 units.

In the fourth quarter of 2009, gross floor area of new buildings started totalled 9,105 square metres, which will provide 41 units, 33 parking spaces for cars and 24 parking spaces for motorcycles upon completion. In 2009, gross floor area of new buildings reached 228,874 square metres that will provide a total of 1,547 units.

Gross floor area of building (including extension) completed totalled 414,098 square metres in the fourth quarter of 2009, altogether provide 1,018 units, of which 972 are residential units, including 409 two-bedroom and 379 three-bedroom apartments; in addition, a total of 1,879 parking spaces for cars and 641 parking spaces for motorcycles were available. For 2009 as a whole, gross floor area of buildings completed reached 1.41 million square metres, providing 3,251 units.

Table 1 - Principal indicators of construction approvals, new buildings and completion of buildings

Construction approvals Construction of new

buildings Completion of buildings 2008 2009 2008 2009 2008 2009 End-use

Annual Annual Q4 Annual Annual Q4 Annual Annual Q4

Number of buildings - total 57 53 11 37 45 10 53 52 10

Residential, Residential & commercial 39 26 7 26 25 6 34 32 6

Commercial 3 10 2 1 7 - 6 5 -

Office 1 1 - 1 1 1 1 1 1

Industrial 2 1 - 1 2 - 2 2 -

Others 12 15 2 8 10 3 10 12 3

Gross floor area (m²) - total 1 093 303 543 998 20 924 533 310 228 874 9 105 584 147 1 406 242 414 098 Residential 492 351 74 428 3 511 323 188 131 594 2 128 147 482 483 631 136 822

Commercial 33 748 43 388 618 25 238 9 646 387 39 864 29 185 16 087

Office 23 688 449 - 23 688 449 449 11 253 25 876 25 647

Industrial 21 325 9 950 - 5 695 25 579 - 11 619 17 808 4 586

Others 522 191 415 784 16 794 155 500 61 605 6 140 373 929 849 742 230 956

Number of units - total 3 794 710 57 2 046 1 547 41 1 177 3 251 1 018

Residential 3 644 589 48 1 937 1 429 26 1 099 3 096 972

Commercial 115 62 7 92 64 7 47 127 40

Office 1 5 - 1 5 5 2 2 1

Industrial 2 36 - 1 37 - 2 2 -

Others 32 18 2 15 12 3 27 24 5

Parking spaces

For cars 4 385 1 528 - 2 412 607 33 1 476 6 291 1 879

For motorcycles 1 018 147 - 494 198 24 477 1 750 641

- Absolute value equals zero

(2)

PRIVATE SECTOR CONSTRUCTION AND

REAL ESTATE TRANSACTION 4^th QUARTER/2009 DSEC No. 4 ___________________________________________________________________________________________________________________

II. REAL ESTATE TRANSACTION

1. REAL ESTATE CONTRACTS AND MORTGAGE

There were 3,411 cases of real estate sale and purchase contracts made in the fourth quarter of 2009;

these contracts involved 4,085 units valued at MOP6.34 billion, up by 22.9% and 61.1% respectively quarter-to-quarter. For 2009 as a whole, a total of 9,111 cases of real estate sale and purchase contracts were made that involved 11,546 units, down by 6.2% and 10.4% respectively year-on-year, while the total value of transaction rose by 4.1% to MOP14.95 billion.

In the fourth quarter of 2009, value of mortgage loans amounted to MOP9.07 billion, bringing the total value for the whole year of 2009 to MOP52.01 billion, down by 9.6% year-on-year.

Table 2 - Real estate transaction and mortgage

Mortgage credits Real estate transactions

Total Involving sale and purchase of property Year Quarter

Number of notarized deeds

Number of units

Value (MOP million)

Number of units

Value (MOP million)

Number of units

Value (MOP million)

2008 ^Total 9 712 12 890 14 360 11 847 57 523 4 740 6 110

1 3 189 4 364 4 238 4 097 23 870 1 587 2 065

2 3 064 4 022 4 114 3 988 5 446 1 616 1 987

3 2 064 2 785 3 876 2 584 25 790 968 1 348

4 1 395 1 719 2 131 1 178 2 418 569 710

2009 ^Total 9 111 11 546 14 954 8 965 52 009 5 207 6 943

1 766 1 291 1 388 1 414 1 626 472 507

2 2 109 2 847 3 284 1 845 35 347 1 143 1 406

3 2 825 3 323 3 937 2 687 5 967 1 560 2 020

4 3 411 4 085 6 344 3 019 9 068 2 032 3 010

2. TRANSACTION OF BUILDING UNITS AS PER STAMP DUTY RECORDS 2.1. Transaction of building units

A total of 6,588 building units were purchased and sold at MOP10.62 billion in the fourth quarter of 2009 according to Stamp Duty records, up by 23.3% and 18.3% quarter-to-quarter. Among them, 1,762 new units at MOP4.70 billion were still within the property tax exemption period, down by 6.3% and 8.9% respectively quarter-to-quarter.

The majority (4,548 units) of them were residential units amounting to MOP8.83 billion, up by 23.6% and 15.3% respectively quarter-to-quarter. In addition, there were 353 commercial units, 96 office units, 74 industrial units and 1,487 parking spaces.

Analyzed by year of completion of the building, there were 1,249 residential units completed in 2000 and after, 2,075 units in 1990-1999 and 1,224 units in 1989 and before.

As regards the size of the residential unit, 2,331 units (51.3% of total) had an area of 50 to 99.9 square metres.

A total of 3,626 residential units were situated in the Macao Peninsula, 907 in Taipa and 15 in Coloane. Regarding the price of transaction, 424 residential units were sold for over MOP4,000,000; 941 units for over MOP2,000,000 to MOP4,000,000; 1,761 units for over MOP1,000,000 to MOP2,000,000;

and 1,422 units for MOP1,000,000 or less.

(3)

For the whole year of 2009, a total of 17,310 units valued at MOP26.30 billion were purchased and sold, down by 19.5% and 24.9% respectively over 2008.

Table 3 - Transaction of building units by end-use

2008 2009 End-use

Total Q4 ^Total Q3 Q4

Number of units 21 516 2 003 17 310 5 345 6 588

(Of which: Intermediate Transfer of Title) 8 050 600 4 164 1 398 1 168

Residential 13 686 1 286 11 307 3 681 4 548

Commercial 1 177 80 1 551 342 353

Office 510 71 288 92 96

Industrial 185 26 201 44 74

Parking spaces 5 812 521 3 853 1 152 1 487

Others 146 19 110 34 30

New buildings - subtotal 9 445 749 5 211 1 880 1 762

Old buildings - subtotal 12 071 1 254 12 099 3 465 4 826

Value (MOP million) 35 025 2 672 26 299 8 977 10 624

(Of which: Intermediate Transfer of Title) 21 242 1 228 10 153 3 586 3 540

Residential 29 778 2 146 21 517 7 659 8 829

Commercial 2 074 194 2 546 # 900

Office 959 118 430 # #

Industrial 334 33 727 71 #

Parking spaces 1 189 108 835 246 334

Others 690 73 243 58 75

New buildings - subtotal 23 430 1 532 13 284 5 160 4 700

Old buildings - subtotal 11 595 1 141 13 015 3 817 5 924

# Confidential data

In the fourth quarter of 2009, there were 1,168 units (17.7% of total) purchased and sold under Intermediate Transfer of Title, down by 16.5% quarter-to-quarter, and the total value dropped by 1.3% to MOP3.54 billion. For the whole year of 2009, a total of 4,164 units valued at MOP10.15 billion were purchased and sold under Intermediate Transfer of Title, down by 48.3% and 52.2% respectively year-on-year.

Graph 1 - Transaction of building units as per Stamp Duty records

2 003

5 345

6 588

1 168 1 398

600 0

2 000 4 000 6 000 8 000 10 000

Q4 2007

Q1 2008

Q2 Q3 Q4 Q1

2009

Q2 Q3 Q4

Total Intermediate Transfer of Title Number

(4)

2.2. Average price of transaction Residential units

In the fourth quarter of 2009, the average transaction price of residential units rose by 6.1%

quarter-to-quarter to MOP25,631 per square metre of usable area, with the average price of those in the Macao Peninsula increasing by 5.2% to MOP25,415 per square metre, and the average price of those in Taipa rising by 10.6% to MOP26,432 per square metre.

Analyzed by year of completion of the building, the average transaction price was MOP38,789 per square metre for residential units completed in 2000 and after, a quarter-to-quarter increase of 11.3%. The average price for those completed in 1990-1999 stood at MOP22,780 per square metre and the price for those completed in 1989 and before was MOP16,525 per square metre, up by 20.1% and 24.1%

respectively.

Analyzed by size, the average transaction price of residential units with an area under 50 square metres registered a notable increase of 39.1% quarter-to-quarter to MOP20,873 per square metre. For those having an area of 100 to 149.9 square meters, the average price rose by 14.5% to MOP30,753 per square metre.

For the whole year of 2009, the average transaction price of residential units fell marginally by 0.3%

year-on-year to MOP23,235.

Table 4 - Average transaction price of residential units (per square metre) in selected districts

MOP

2008 2009

Annual Q4 ^Annual Q3 Q4

Year of building completion District

Overall 2000 and

after

1990 to 1999

1989 and before Total of Macao 23 316 18 064 23 235 24 154 25 631 38 789 22 780 16 525

Macao Peninsula 21 815 15 517 22 803 24 158 25 415 41 296 21 804 16 549

Areia Preta e Iao Hon 13 915 10 879 16 385 14 845 20 123 21 889 23 526 13 741

NATAP 31 716 20 129 26 621 26 866 30 199 39 384 22 282 ~

Doca do Lamau 27 284 23 251 28 171 30 006 28 727 32 502 23 048 19 107 Horta e Costa e Ouvidor Arriaga 19 392 12 690 20 906 21 308 23 033 36 074 23 809 18 536

ZAPE 17 417 14 988 18 030 17 873 18 776 22 966 16 662 20 830

NAPE e Aterros da Baía da Praia Grande 36 730 28 194 49 271 51 296 52 266 60 072 23 764 22 990 Barra / Manduco 11 464 12 081 13 491 13 280 15 749 24 578 18 047 13 944

Taipa 27 904 24 863 24 681 23 897 26 432 31 493 24 336 12 247

Jardins do Oceano e Taipa Pequena 21 570 20 461 25 050 24 851 27 733 26 512 27 807 ~ Baixa da Taipa 26 776 24 739 24 472 23 980 26 055 30 152 24 004 15 428

Coloane 20 527 16 103 18 360 17 188 20 120 ~ 20 120 ~

~ No figure provided

(5)

Graph 2 - Average transaction price of residential units (per square metre) by usable area

With regard to the transaction of residential units under Intermediate Transfer of Title, the average price amounted to MOP44,935 per square metre in the fourth quarter of 2009, up by 30.8% from the previous quarter. The average price of those in the Macao Peninsula increased by 40.7% to MOP47,987 per square metre, and the average price of those in Taipa decreased by 1.9% to MOP35,210 per square metre.For the whole year of 2009, the average price of the residential units purchased and sold under Intermediate Transfer of Title dropped slightly by 0.2% over 2008 to MOP36,708.

Table 5 - Average transaction price of residential units (per square metre) under Intermediate Transfer of Title

MOP

2008 2009 District

Total of Macao 36 783 29 502 36 708 34 357 44 935

Macao Peninsula 36 185 30 439 37 643 34 115 47 987

NATAP 38 473 31 063 37 967 41 538 45 334

Doca do Lamau 41 171 31 706 31 757 32 336 37 328

NAPE e Aterros da Baía da Praia Grande 57 795 51 661 63 057 60 762 65 372

Taipa 38 060 29 423 33 755 35 891 35 210

Baixa da Taipa 33 763 28 547 32 549 35 420 33 290

44 786

26 500

42 564

25 274

26 857 30 753

24 615 23 642

16 685 20 873

15 010 11 793

5 000 15 000 25 000 35 000 45 000

Q4 2008

Q1 2009

Q2 Q3 Q4

MOP

≧ 150 m² 100 - 149.9 m² 50 - 99.9 m² < 50 m²

(6)

Industrial units and Office units

In the fourth quarter of 2009, the average transaction price of industrial units was MOP6,293 per square metre, up by 14.8% quarter-to-quarter. For the whole year of 2009, the average price of industrial units increased by 4.9% year-on-year to MOP6,079.

Table 6 - Average transaction price of industrial units (per square metre) by year of building completion

MOP Year of building completion

Year Quarter Industrial units

1990 to 1999 1989 and before

2008 ^Total 5 794 6 093 5 659

1 5 715 6 011 5 661

2 5 919 6 447 5 690

3 6 176 6 479 5 948

4 5 285 5 460 5 043

2009 Total 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

~ No figure provided

Meanwhile, the average transaction price of office units rose by 15.6% quarter-to-quarter to MOP23,177 per square metre. For the whole year of 2009, the average price of office units went up by 1.6% year-on-year to MOP21,650.

Table 7 - Average transaction price of office units (per square metre) in selected districts

MOP

2008 2009 District

Total of Macao 21 314 19 024 21 650 20 049 23 177

ZAPE 22 692 22 482 18 787 20 213 19 793

NAPE e Aterros da Baía da Praia Grande 20 315 17 050 23 561 22 778 25 233

Baixa de Macau 25 396 12 723 12 605 11 043 14 309

EXPLANATORY NOTES

1. Real estate: Classified according to the type of registration. Every unit of a property is considered as a separate item of real estate if individually registered; otherwise, the whole property is counted as one.

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 under article 9 of the Regulation of Urban Property Tax currently in force, which prescribes the following as new buildings: 1) In the Macao Peninsula, residential and/or commercial units completed for up to four years, and up to five years for industrial units. 2) In the Islands, residential and/or commercial units completed for up to six years, and up to 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. For 2008 and 2009, data on transaction of building units as per Stamp Duty records include residential units valued MOP3,000,000 or less that, according to Article 14 of both Law no. 7/2007 and 15/2008, were exempt from the payment of Stamp Duty.

6. The average transaction price of building units is calculated according to the price per square metre of usable area. The division of districts is solely for statistical purposes.

7. The calculation of the average transaction price of office units only covers office buildings with ten storeys or higher.

(7)

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 or headquarters 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 or headquarters of borrower

16. Average transaction price per square metre of residential units by district as per Stamp Duty records 16A. Average transaction price per square metre of residential units under intermediate transfer of title by

district as per Stamp Duty records

16B. Average transaction price per square metre of residential units (not including intermediate transfer of title and those that have been scheduled for value re-evaluation) by district as per Stamp Duty records

17. Average transaction price per square metre of residential units by district and year of building completion as per Stamp Duty records

17A. Average transaction price per square metre of residential units under intermediate transfer of title by district and year of building completion as per Stamp Duty records

17B. Average transaction price per square metre of residential units (not including intermediate transfer of title and those that have been scheduled for value re-evaluation) by district and year of building completion as per Stamp Duty records

18. Average transaction price per square metre of residential units by usable area as per Stamp Duty records

18A. Average transaction price per square metre of residential units under intermediate transfer of title by usable area as per Stamp Duty records

18B. Average transaction price per square metre of residential units (not including intermediate transfer of title and those that have been scheduled for value re-evaluation) by usable area as per Stamp Duty records

19. Average transaction price per square metre of industrial units by year of building completion as per Stamp Duty records

19A. Average transaction price per square metre of industrial units under intermediate transfer of title by year of building completion as per Stamp Duty records

20. Average transaction price per square metre of office units by main district as per Stamp Duty records

20A. Average transaction price per square metre of office units under intermediate transfer of title by main district as per Stamp Duty records

(8)

21. Residential units sold as per Stamp Duty records by main district and year of building completion 22. Residential units sold as per Stamp Duty records by main district and usable area

23. Residential units sold as per Stamp Duty records by main district and value of unit transacted

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

1^st Notary Office, 2^nd 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, 17^th floor, Macao

Tel. : 8399 5311 Fax : 2830 7825

E-mail: info@dsec.gov.mo Website: www.dsec.gov.mo

Statistics are here to serve you