Statistics and Census Service
PRIVATE SECTOR CONSTRUCTION AND REAL ESTATE TRANSACTION
1st QUARTER/2009
No. 1 I. PRIVATE SECTOR CONSTRUCTION
In the first quarter of 2009, approvals were granted to the construction of 8 buildings with a gross floor area of 105,856 square metres, which will provide a total of 59 units, 16 parking spaces for cars and 30 parking spaces for motorcycles upon completion.
Meanwhile, construction of 8 new buildings with a gross floor area of 22,342 square metres has been started, upon completion, will provide 28 units, of which 18 were residential units.
A total of 14 buildings were completed (including extensions) in the first quarter of 2009 and the gross floor area 178,010 square metres, providing altogether 768 units, of which 722 were residential units, including 607 three-bedroom and 63 four or more bedrooms apartments; in addition, 1,180 parking spaces for cars and 353 parking spaces for motorcycles were available.
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
Q1 Q4 Q1 Q1 Q4 Q1 Q1 Q4 Q1
Number of buildings - total 8 15 8 12 9 8 5 16 14
Residential, Residential & commercial 2 8 2 7 4 4 3 9 8
Commercial - 3 2 1 - 1 1 3 3
Office 1 - - 1 - - - - -
Industrial - 1 1 - 1 1 - 1 2
Others 5 3 3 3 4 2 1 3 1
Gross floor area (m²) - total 348 461 211 461 105 856 104 435 27 293 22 342 89 186 227 411 178 010
Residential 6 515 140 006 897 42 758 1 171 1 216 2 223 120 262 105 265
Commercial 233 8 795 1 284 2 176 1 511 1 757 8 106 4 424 8 422
Office 23 688 - - 23 688 - - - - -
Industrial 4 392 15 630 9 950 4 392 1 304 15 630 - 3 280 13 222
Others 313 633 47 031 93 726 31 421 23 306 3 739 78 856 99 445 51 100
Number of units - total 59 1 478 59 282 21 28 26 946 768
Residential 49 1 430 13 251 8 18 21 910 722
Commercial 2 38 7 26 5 7 4 22 39
Office 1 - - 1 - - - - -
Industrial - 1 36 - 1 1 - 1 2
Others 7 9 3 4 7 2 1 13 5
Parking space
For cars 983 657 16 467 30 - 264 713 1 180
For motorcycles 408 241 30 346 35 - 64 104 353
- Absolute value equals zero
II. REAL ESTATE TRANSACTION
1. REAL ESTATE CONTRACTS MADE AND MORTGAGE
There were 1,118 cases of real estate sale and purchase contracts made in the first quarter of 2009, involving 1,291 units valued at MOP1.39 billion, down by 24.9% and 34.9% respectively over the preceding quarter.
The total value of mortgage loans amounted to MOP1.63 billion, down by 32.7% over the preceding quarter.
Table 2. Real estate transactions and mortgage
Mortgage credits Real estate transactions
Total Involving actual property transaction Year Quarter
Number of units
Value (MOP million)
Number of units
Value (MOP million)
Number of units
Value (MOP million) 2008 1 4 364 4 238 4 097 23 870 1 587 2 065
2 4 022 4 114 3 988 5 446 1 616 1 987
3 2 785 3 876 2 584 25 790 968 1 348
4 1 719 2 131 1 178 2 418 569 710
2009 1 1 291 1 388 1 414 1 626 472 507
2. TRANSACTION OF BUILDING UNITS AS PER STAMP DUTY RECORDS
2.1. Transaction of building units
Based on Stamp Duty records, 1,664 building units were sold and purchased in the first quarter of 2009, with the total value amounting to MOP2.13 billion, down by 16.9% and 20.5% respectively over the previous quarter. Among these units, 28.0% (466 units valued at MOP931 million) were new units that were within the property tax exemption period, down by 37.8% and 39.2% respectively over the previous quarter.
In terms of end-use, residential units (801 units valued at MOP1.27 billion) accounted for 48.1% of the total, down by 37.7% and 41.0% respectively over the preceding quarter. In addition, 361 were commercial units, 64 offices, 38 industrial units and 379 parking spaces.
Analysed by year of building completion, sale and purchase of 263 residential units were completed in 2000 and after, 289 units in 1990-1999 and 249 units in 1989 and before.
As regards the floor area of the residential units, 41.9% (336 units) had an area of 50 to 99.9 square metres and 31.3% (251 units) had an area smaller than 50 square metres.
A total of 592 residential units were situated in the Macao Peninsula, 204 in Taipa and 5 in Coloane.
In terms of the transaction price, 62 residential units were sold for over MOP4,000,000 (7.7% of total);
172 units (21.5%) for over MOP2,000,000 to MOP4,000,000; 123 units (15.4%) for over MOP1,000,000 to MOP2,000,000; and 444 units (55.4%) for MOP1,000,000 or less.
No.1 DSEC 1st QUARTER/2009 REAL ESTATE TRANSACTION
Table 3. Transaction of building units by end-use as per Stamp Duty records
2008 2009 End-use
Q1r Q4 Q1
Number of units 6 934 2 003 1 664
Residential 4 979 1 286 801
Commercial 259 80 361
Office 139 71 64
Industrial 68 26 38
Parking spaces 1 444 521 379
Others 45 19 21
New buildings - subtotal 2 768 749 466
Old buildings - subtotal 4 166 1 254 1 198
Value (MOP million) 13 140 2 672 2 126
Residential 11 410 2 146 1 266
Commercial 590 194 #
Office 231 118 88
Industrial 142 33 #
Parking spaces 302 108 73
Others 466 73 87
New buildings - subtotal 9 012 1 532 931
Old buildings - subtotal 4 129 1 141 1 194
r Revised figures
# Confidenial data
In the first quarter of 2009, 771 units (46.3% of total) were purchased and sold under Intermediate Transfer of Title, up by 28.5% over the previous quarter, and the total value amounted to MOP1.05 billion, down by 14.5%. The majority of the units were situated at the districts of Baixa de Macau, Baixa da Taipa and Doca do Lamau, sharing 30.1%, 24.0% and 14.1% respectively.
Graph 1. Transaction of building units as per Stamp Duty records
1 664 2 003
6 934
2 323
600 771
0 2 000 4 000 6 000 8 000 10 000 12 000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Number
2.2. Average transaction price
Residential units
In the first quarter of 2009, the average transaction price of residential units dropped by 5.3%
quarter-to-quarter to MOP17,112 per square metre of usable area, of which the average price of those in the Macao Peninsula decreased by 7.0% to MOP14,436 per square metre, while the average of those in Taipa stayed at similar level as the preceding quarter, at MOP24,871 per square metre.
Analysed by year of building completion, the average transaction price was MOP29,391per square metre for residential units completed in 2000 and after, an increase of 4.3% over the preceding quarter.
The average price for those completed in 1990-1999 stood at MOP13,828 per square metre and the price for those completed in 1989 and before was MOP9,231 per square metre, down by 8.7% and 7.4%
respectively.
Analysed by floor area, the average transaction price of residential units with an area smaller than 50 square metres registered a notable decrease of 16.7% over the previous quarter to MOP9,827 per square metre. For those with an area of 100 to 149.9 square metres, the average price went up by 3.6% to MOP26,182 per square metre.
Table 4. Average transaction price of residential units in selected districts
MOP/m2
2008 2009
Q1 Q4 Q1
Year of building completion District
Overall 2000 and after 1990 to 1999 1989 and before
Macao 24 009 18 064 17 112 29 391 13 828 9 231
Macao Peninsula 20 163 15 517 14 436 27 816 12 233 9 192
Areia Preta e Iao Hon 12 121 10 879 9 528 ~ 11 960 7 015
NATAP 26 149 20 129 17 569 25 173 11 957 ~
Doca do Lamau 25 932 23 251 24 119 28 614 10 705 12 260 Horta e Costa e Ouvidor Arriaga 15 752 12 690 13 040 ~ 15 289 12 290
ZAPE 16 715 14 988 14 438 ~ 14 825 ~
NAPE e Aterros da Baía da Praia Grande 38 968 28 194 28 490 38 048 13 471 ~ Barra / Manduco 10 527 12 081 8 243 ~ 11 343 5 546
Taipa 32 559 24 863 24 871 30 967 16 779 10 551
Jardins do Oceano e Taipa Pequena 22 098 20 461 21 107 ~ 22 134 ~ Baixa da Taipa 30 235 24 739 23 826 28 391 15 950 ~
Coloane 16 938 16 103 13 823 ~ 13 823 ~
~ No figure provided
No.1 DSEC 1st QUARTER/2009 REAL ESTATE TRANSACTION
Graph 2. Average transaction price per square metre of residential units by usable area
With regard to the transaction of residential units under Intermediate Transfer of Title, the average price was MOP29,123 per square metre, down by 1.3% over the previous quarter. The average price of those in the Macao Peninsula decreased by 11.2% to MOP27,023 per square metre, whereas the average price of those in Taipa went up by 6.7% to MOP31,398 per square metre.
Table 5. Average transaction price of residential units under Intermediate Transfer of Title
MOP/m2
2008 2009 District
Q1 Q4 Q1
Macao 39 910 29 502 29 123
Macao Peninsula 35 428 30 439 27 023
NATAP 30 720 31 063 24 250
Doca do Lamau 36 951 31 706 28 193
NAPE e Aterros da Baía da Praia Grande 63 871 51 661 46 015
Taipa 45 196 29 423 31 398
Baixa da Taipa 38 942 28 547 28 978
26 500 42 821
27 243 31 918
25 274 26 182
15 662 16 685
22 626
9 827 11 793
12 989
5 000 15 000 25 000 35 000 45 000 55 000
Q1 2008
Q2 Q3 Q4 Q1
2009 MOP
≧ 150 m2 100 - 149.9 m2 50 - 99.9 m2 < 50 m2
Industrial units and Office units
In the first quarter of 2009, the average transaction price of industrial units was MOP6,421 per square metre, up by 21.5% over the preceding quarter.
Table 6. Average transaction price of industrial units by year of building completion
MOP/m2 Year of building completion
Year Quarter Industrial units
From 1990 to 1999 1989 and before
2008 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 1 6 421 ~ 6 517
~ No figure provided
Meanwhile, the average transaction price of office units rose by 16.8% quarter-to-quarter to MOP22,228 per square metre. The average price of office units at the ZAPE district was MOP15,091 per square metre and that at the NAPE e Aterros da Baía da Praia Grande district stood at MOP23,164 per square metre.
Table 7. Average transaction price of office units in selected districts
MOP/m2
2008 2009 District
Q1 Q4 Q1
Macao 21 665 19 024 22 228
ZAPE 19 785 22 482 15 091
NAPE e Aterros da Baía da Praia Grande 21 380 17 050 23 164
Baixa de Macau 31 320 12 723 ~
~ No figure provided
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.
No.1 DSEC 1st QUARTER/2009 REAL ESTATE TRANSACTION
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. Types of 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 transactions 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 of residential units by district as per Stamp Duty records
16A. Average transaction price of residential units under intermediate transfer of title by district as per Stamp Duty records
17. Average transaction price of residential units by district and year of building completion as per Stamp Duty records
17A. Average transaction price of residential units under intermediate transfer of title by district and year of building completion as per Stamp Duty records
18. Average transaction price of residential units by usable area as per Stamp Duty records
18A. Average transaction price of residential units under intermediate transfer of title by usable area as per Stamp Duty records
19. Average transaction price of industrial units by year of building completion as per Stamp Duty records
19A. Average transaction price of industrial units under intermediate transfer of title by year of building completion as per Stamp Duty records
20. Average transaction price of office units by main district as per Stamp Duty records
20A. Average transaction price of office units under intermediate transfer of title by main district as per Stamp Duty records
21. Number and value of residential units sold as per Stamp Duty records by main district and year of building completion
22. Number and value of residential units sold as per Stamp Duty records by main district and usable area
23. Number and value of residential units sold as per Stamp Duty records by main district and value of
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:
17th floor, Dynasty Plaza,
411-417 Alameda Dr. Carlos d´Assumpção, Macao
Tel. : 8399 5311 Fax : 2830 7825
E-mail: info@dsec.gov.mo Website: www.dsec.gov.mo
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