Off-plan unit sales surged in September

New residential project in Taipa see extensive growth in off-plan unit sales

A total of 145 transactions for off-plan sales were registered in the MSAR during the month of September, indicating a surge of 130.2 per cent compared to the previous month, according to the latest official data released by the Financial Services Bureau (DSF).
When compared to the same month last year, transactions grew by 45 per cent from the 100 off-plan units sold.
The sharp growth was influenced by the launch of new development project YOHO Twins in Taipa next to the Macau Roosevelt Hotel, overlooking the Macau Jockey Club.
The average cost of buying off-plan units last month was MOP154,469 (US$19,208) per square metre, up 12.2 per cent month-on-month and 37.5 per cent year-on-year.
Meanwhile, some 522 completed housing units were sold during the month, a slight decline of 1.7 per cent compared to August and a more prominent drop of 37.4 per cent from one year ago.
Buyers paid MOP87,331 per square metre on average for already completed units last month, down 1.9 per cent month-on-month but up 11.6 per cent year-on-year.
The city recorded 667 housing transactions last month, an increase of 12.3 per cent compared to 594 transactions in August, yet representing a year-on-year drop of 28.6 per cent.
Regarding prices, the city experienced both month-on-month and year-on-year increases, up 6 per cent to MOP100,487 (US$12,496) per square metre from MOP94,822 in August and an increase of 22.9 per cent compared to MOP81,769 per square metre a year ago.

TRANSACTIONS IN TAIPA PICK UP
Of the total number of housing transactions, 194 were made for residential units in Taipa, registering growth of 120.5 per cent last month, compared to the 88 transactions made in August. Year-on-year, the number of transactions grew by 4.9 per cent.
The average housing price in Taipa was MOP117,805 per square metre, an increase of 23.4 per cent month-on-month, and up from the MOP89,963 per square metre registered in the same month last year, a rise of 30.9 per cent.
For houses sold on the Macau Peninsula, 457 units were purchased, registering a month-on-month drop of 5.2 per cent. Compared to 728 transactions in September last year, the number of houses sold fell 37.2 per cent.
The average cost of buying a property on the Macau Peninsula rose by 3 per cent month-on-month to MOP91,339 per square metre. The price also showed an increase when compared to MOP77,432 per square metre registered a year ago, up 18 per cent.