REAL ESTATE TRANSACTION
2ND QUARTER/2012
No. 2
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 August 2012
E-mail: info@dsec.gov.mo Website: www.dsec.gov.mo
I. PRIVATE SECTOR CONSTRUCTION
In the second quarter of 2012, approvals were granted to the construction of buildings with a gross floor area of 99,799 square metres, which will provide a total of 690 units, 251 parking spaces for cars and 70 parking spaces for motorcycles upon completion. Meanwhile, gross floor area of new buildings started totalled 118,782 square metres, which will provide 677 units, of which 658 are residential units.
In the second quarter of 2012, gross floor area of buildings completed (including extensions) totalled 937,945 square metres, altogether providing 890 units, of which 878 are residential units, including 578 three-bedroom apartments; in addition, a total of 2,893 parking spaces for cars and 1,274 parking spaces for motorcycles were available. Gross floor area of buildings completed totalled 947,110 square metres in the first half year of 2012, providing 926 units.
1 - Principal indicators of private sector construction
Construction approvals Construction of new buildings Completion of buildings 2011 2012 2011 2012 2011 2012 End-use
Q2 H1 Q2 Q2 H1 Q2 Q2 H1 Q2
Gross floor area (m²) - total 7 303 143 345 99 799 28 438 129 989 118 782 476 380 947 110 937 945 Residential 6 416 78 336 62 297 3 197 64 028 62 294 33 555 182 782 180 868
Commercial 887 2 866 1 319 893 2 435 1 863 1 190 2 004 397
Office - - - - 1 125 - 934 - -
Industrial - - - 9 060 - - - - -
Others - 62 144 36 182 15 288 62 402 54 625 440 701 762 323 756 680
Number of units - total 100 852 690 61 718 677 389 926 890
Residential 87 816 666 46 686 658 356 902 878
Commercial 13 26 16 12 21 12 19 18 7
Office - - - - 1 - 9 - -
Industrial - - - 2 - - - - -
Others - 10 8 1 10 7 5 6 5
Parking spaces
For cars - 323 251 - 251 251 969 2 910 2 893
For motorcycles - 101 70 - 70 70 303 1 280 1 274
PRIVATE SECTOR CONSTRUCTION AND
REAL ESTATE TRANSACTION 2ND QUARTER/2012 DSEC No. 2
II. TRANSACTION OF BUILDING UNITS WITH STAMP DUTY RECORD Transaction of building units
In the second quarter of 2012, a total of 7,845 building units were purchased and sold at MOP31.05 billion as per Stamp Duty record, up by 1.2 times and 1.7 times respectively quarter-to-quarter. Among them, 3,026 new units at MOP16.02 billion were still within the property tax exemption period, up by 1.3 times and 1.7 times respectively quarter-to-quarter. A total of 11,437 building units were purchased and sold at MOP42.76 billion in the first half year of 2012.
Analysed by end-use, 5,555 residential units were purchased and sold at MOP23.39 billion, up by 1.4 times and 1.8 times respectively quarter-to-quarter; moreover, there were 675 commercial units, 135 office units, 61 industrial units and 1,379 parking spaces.
Analysed by year of completion of the building, residential units completed in 2010 and after totalled 1,953 (including 1,424 pre-sale units), and 1,818 residential units were completed in 1990-1999.
As regards floor area of the unit, 2,984 residential units (53.7% of total) had an area of 50 to 99.9 square metres.
2 - Transaction of building units by end-use
2011 2012 End-use
H1 Q2 H1 Q1 Q2
Number of units 20 343 12 921 11 437 3 592 7 845
Residential 12 809 8 255 7 899 2 344 5 555
Commercial 1 605 824 995 320 675
Office 411 278 273 138 135
Industrial 130 67 89 28 61
Parking spaces 5 300 3 446 2 095 716 1 379
Others 88 51 86 46 40
New building units - subtotal 10 232 7 303 4 318 1 292 3 026 Old building units - subtotal 10 111 5 618 7 119 2 300 4 819
Value (MOP million) 56 524 38 853 42 759 11 707 31 052
Residential 46 674 33 261 31 699 8 309 23 390
Commercial 5 918 3 229 6 452 1 890 4 563
Office 933 653 1 167 545 622
Industrial # # 468 124 343
Parking spaces 1 891 1 224 1 257 384 873
Others # # 1 715 455 1 260
New building units - subtotal 37 049 27 412 21 883 5 858 16 024 Old building units - subtotal 19 475 11 441 20 876 5 848 15 028
Coloane. Regarding the price of transaction, 2,165 residential units were sold for MOP4,000,000 or over, and 1,775 units for MOP2,000,000 to under MOP4,000,000.
Graph 1 - Transaction of building units with Stamp Duty record
Average price of transaction
Residential units
The average transaction price of all residential units amounted to MOP55,427 per square metre of usable area in the second quarter of 2012, up by 21.9% quarter-to-quarter. The average price of those in the Macao Peninsula (MOP47,461) and Taipa (MOP66,804) increased by 15.0% and 38.9% respectively quarter-to-quarter, whereas the average price of those in Coloane (MOP78,197) decreased by 6.0%.
Analysed by year of completion of the building, the average price of residential units completed in 2010 and after was MOP77,491 per square metre, up by 18.5% quarter-to-quarter; the price of those completed in 2000-2009 and 1990-1999 was MOP60,242 and MOP41,840 per square metre, up by 15.4%
and 14.0% respectively quarter-to-quarter; the average price of those completed in 1989 and before increased by 21.2% to MOP33,281 per square metre.
Analysed by floor area, the average price of residential units with an area of 50 to 99.9 square metres increased by 25.3% quarter-to-quarter to MOP55,774 per square metre; the average price of those having 100 to 149.9 square metres rose by 23.6% to MOP59,181 per square metre.
0 5 000 10 000 15 000 20 000 25 000 30 000
Q2 2010
Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000
Value of new building units Value of old building units Number of new building units Nimber of old building units
Million MOP Number
PRIVATE SECTOR CONSTRUCTION AND
REAL ESTATE TRANSACTION 2ND QUARTER/2012 DSEC No. 2
3 - Average transaction price per square metre of residential units in selected districts by year of building completion
MOP 2011 2012
Q2 Q1 Q2
District
Overall 2010 and after
2000 to 2009
1990 to 1999
1989 and before Total of Macao 44 269 45 453 55 427 77 491 60 242 41 840 33 281 Macao Peninsula 42 296 41 266 47 461 61 816 64 164 41 787 33 220 Areia Preta e Iao Hon 32 586 34 454 40 951 ~ 51 928 46 326 33 285 NATAP 51 255 47 446 52 276 57 296 58 351 44 387 ~ Doca do Lamau 35 081 46 543 60 767 66 124 49 212 46 407 38 868 Horta e Costa e Ouvidor Arriaga 32 889 35 943 48 889 70 466 77 404 37 877 39 544 ZAPE 30 228 32 537 36 957 ~ 53 289 35 402 36 224 NAPE e Aterros da Baía da Praia Grande 76 634 63 534 76 876 87 706 92 363 45 513 # Barra / Manduco 36 663 30 292 39 231 60 206 36 015 34 795 32 623
Taipa 42 457 48 107 66 804 101 595 56 791 42 395 39 985
Jardins do Oceano e Taipa Pequena 45 435 41 319 42 510 ~ 54 357 41 581 ~ Baixa da Taipa 38 869 45 305 57 363 90 083 57 277 43 491 40 254
Coloane 70 098 83 173 78 197 80 920 ~ 36 054 ~
Graph 2 - Average transaction price per square metre of residential units by usable area
70 960
51 913
84 404
51 392 47 867
59 181 55 774
44 524
43 393 42 459
36 501 36 355
25 000 35 000 45 000 55 000 65 000 75 000 85 000
Q2 Q3 Q4 Q1 Q2 MOP
The average transaction price of industrial units was MOP18,758 per square metre in the second quarter of 2012, up by 16.7% quarter-to-quarter.
4 - Average transaction price per square metre of industrial units by year of building completion
MOP Year Quarter Overall 2010 and after 2000 to 2009 1990 to 1999 1989 and before
2011 12 001 ~ ~ 15 194 11 154
1 10 572 ~ ~ 14 207 10 263
2 11 734 ~ ~ 14 122 10 648
3 14 678 ~ ~ 15 743 14 252
4 13 927 ~ ~ 19 950 12 254
2012
1 16 068 ~ ~ 21 888 14 128
2 18 758 33 715 ~ 19 387 16 336
The average price of office units increased by 18.3% quarter-to-quarter to MOP47,767 per square metre.
5 - 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
2011 35 076 29 921 36 662 33 007
1 27 700 27 393 30 819 #
2 36 618 35 277 37 909 32 506
3 34 011 23 937 35 200 32 004
4 38 404 34 674 39 068 37 662
2012
1 40 362 39 520 41 283 36 006
2 47 767 39 598 50 784 47 413
PRIVATE SECTOR CONSTRUCTION AND
REAL ESTATE TRANSACTION 2ND QUARTER/2012 DSEC No. 2
III. REAL ESTATE CONTRACTS AND MORTGAGE CONTRACTS
There were 3,531 cases of real estate sale and purchase contracts made in private and public notary offices in the second quarter of 2012, up by 77.4% quarter-to-quarter, and the number of units rose by 34.2% to 4,358.
In the second quarter of 2012, there were 3,171 cases of mortgage contracts signed. Among them, 2,631 were residential mortgages, an increase of 89.6% quarter-to-quarter.
6 - Real estate contracts and mortgage contracts
Real estate transaction Mortgage contract Year Quarter Contract
(case)
Number
of units Total Sub-total Residential1 Commercial and office
Other building
units
Other real estate2
2011 10 935 14 075 9 961 9 857 7 930 927 1 000 104
1 3 181 4 382 2 570 2 543 2 016 249 278 27 2 3 522 4 301 3 129 3 106 2 491 288 327 23 3 2 262 3 032 2 352 2 319 1 884 238 197 33 4 1 970 2 360 1 910 1 889 1 539 152 198 21 2012
1 1 990 3 248 1 737 1 717 1 388 155 174 20 2 3 531 4 358 3 171 3 148 2 631 261 256 23 H1 5 521 7 606 4 908 4 865 4 019 416 430 43 Notes: 1. Including mortgages on residential units with carpark(s).
2. Including mortgages on land, buildings and combined types of real estate.
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. Information on transaction of building units covers units with Stamp Duty paid in the reference period, while data of the Financial Services Bureau refers to residential units with application for payment of Stamp Duty made in the reference period; hence, direct comparison of data is inappropriate.
5. Transaction of residential units includes those that were exempt from payment of Stamp Duty.
6. Average transaction price of building units covers building units with Stamp Duty paid in the reference period, excluding cases bearing peculiar transaction prices such as gift of property, inheritance, transfer of partial ownership of property, etc.
SYMBOLS
- Absolute value equals zero
~ No figure provided MOP Macao Pataca
# Confidential data
The following statistical tables are available for download from DSEC website:
1. Construction of residential units started by type of unit - private sector construction 2. Completion of residential units by type of unit - private sector construction
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 price per square metre of residential units purchased and sold, by district per Stamp Duty record 16B. Average price per square metre of residential units purchased and sold, by district per Stamp Duty record
(excluding intermediate transfer of title and units scheduled for re-evaluation)
17. Average price per square metre of residential units purchased and sold, by year of building completion per Stamp Duty record
17B.Average price per square metre of residential units purchased and sold, by year of building completion per Stamp Duty record (excluding intermediate transfer of title and units scheduled for re-evaluation)
18. Average price per square metre of residential units purchased and sold, by usable area per Stamp Duty record 18B.Average price per square metre of residential units purchased and sold, by usable area per Stamp Duty record
(excluding intermediate transfer of title and units scheduled for re-evaluation)
19. Average price per square metre of industrial units purchased and sold, by year of building completion per Stamp Duty record
20. Average price per square metre of office units purchased and sold, by major district per Stamp Duty record 21. Purchase and sale of residential units by major district and year of building completion per Stamp Duty record 22. Purchase and sale of residential units by major district and usable area per Stamp Duty record
23. Purchase and sale of residential units by major district and value of transaction per Stamp Duty record
PRIVATE SECTOR CONSTRUCTION AND
REAL ESTATE TRANSACTION 2ND QUARTER/2012 DSEC No. 2
The following tables are available in the Monthly Bulletin of Statistics of DSEC Table 40 – Completion of buildings – private sector construction
Table 41 - Units and area of completion of buildings – private sector construction Table 42 – Construction of new buildings – private sector construction
Table 43 - Units and area of construction of new buildings – private sector construction Table 44 - Units and gross floor area of completion of buildings – private sector construction Table 45 - Units and gross floor area of construction of new buildings – private sector construction Table 46 – Purchase and sale of building units per Stamp Duty record
Table 47 - Value of building units purchased and sold per Stamp Duty record
Table 48 - Number of buyers of building units purchased and sold by end-use of unit and buyer's status per Stamp Duty record
Table 49 - Value of building units purchased and sold by end-use of unit and buyer's status per Stamp Duty record 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 information can be obtained from the Documentation and Information Centre of DSEC:
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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