Wednesday, 18 September 2019 10:56 GMT
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Macao sees drop in real estate transactions in Q1




(MENAFN) A total of 1,850 building units and parking spaces were bought and sold in the first quarter as per stamp duty record in China's Macao Special Administrative Region (SAR), and the total value of transactions reached 10.55 billion patacas, down 20.3 percent and 25.5 percent respectively quarter-on-quarter.

According to the Statistics and Census Service, the purchase and sale of residential units declined 377 quarter-on-quarter to 1,379 units, and the total value dropped 26.5 percent to 8.32 billion patacas.

With respect to the average price per square meter of usable area, the overall average price of residential units decreased 4.8 percent quarter-on-quarter to 102,576 patacas.

The average price per square meter of the current residential units dropped 1.5 percent quarter-on-quarter to 96,235 patacas.

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Macao sees drop in real estate transactions in Q1

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