MACAO, Aug. 8 (Xinhua) -- The residential price index of the Macao Special Administrative Region (SAR) in the second quarter of 2017 grew 3.7 percent quarter-to-quarter to 253.0, marking the fifth consecutive quarter of increase, the SAR's statistics department said on Tuesday.
Information from the Statistics and Census Service (DSEC) showed that the indices for the Macao Peninsula (253.7) and Taipa & Coloane (249.9) rose 3.6 percent and 4.3 percent respectively.
The index for existing residential units (259.6) went up 4.4 percent, with the indices for the Macao Peninsula (246.7) and Taipa & Coloane (318.2) increasing 4.5 percent and 4 percent respectively.
The DSEC data also indicated that the index for pre-sale residential units (247.2) increased by 6 percent quarter-to-quarter, a speedup from the 1.7 percent growth in the first quarter of 2017.
The indices for all groups of existing residential units in terms of year of completion registered growth. Higher increase was seen in the indices for residential units built within 5 years or less (241.0) and for those completed between 11 and 20 years ago (263.6), up 6.6 percent and 4.9 percent respectively.
Analyzed by usable floor area, the index for residential units with a usable floor area between 50 and 74.9 square metres (281.7) increased 5.7 percent quarter-to-quarter, and the index for those with a floor area of 100 square metres or above (232.1) rose 4.3 percent.
Residential price index is calculated according to the records of application for payment of stamp duty related to residential transaction, with 2011 as the base year.
