This undated photo shows the city view of Macao. (PHOTO / VCG)

MACAO — The overall residential property price index in Macao from November 2019 to January 2020 decreased by 0.9 percent to 265.3 over the previous period from October to December 2019, the special administrative region's statistic service said here on Wednesday.

The latest report from the Statistics and Census Service (DSEC) indicated that the indices for the Macao Peninsula, Taipa and Coloane dropped by 1.0 percent and 0.6 percent to 266.5 and 260.3 respectively.

The latest report from the Statistics and Census Service indicated that the indices for the Macao Peninsula, Taipa and Coloane dropped by 1.0 percent and 0.6 percent to 266.5 and 260.3 respectively

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The index for existing residential units went down by 1.1 percent to 283.7, with the indices for those in the Macao Peninsula, and Taipa and Coloane falling by 1.1 percent and 1.3 percent to 278.8 and 303.5 respectively.

Analyzed by year of building completion, the indices for residential units completed more than 20 years ago and for those built in five years or less fell by 1.5 percent and 0.5 percent respectively, whereas the index for residential units completed between six and 10 years ago grew by 1.6 percent.

Meanwhile, the index for pre-sale residential units (285.1) increased by 0.5 percent, the DSEC report added.

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The indices for residential units with a usable floor area of less than 50 square metres and for those of 100 square metres or more decreased by 1.2 percent and 1.0 percent respectively, while that for residential units with a floor area between 75 and 99.9 square metres saw a 0.7 percent rise.

In terms of high-and low-rise buildings, the indices for residential units with seven storeys or less and for those with more than seven storeys went down by 2.8 percent and 0.6 percent respectively.