Information from the Statistics and Census Service (DSEC) indicated that the overall residential price index in the first quarter of 2017 grew by 4.7% quarter-to-quarter to 244.0, with the indices for the Macao Peninsula (245.0) and Taipa & Coloane (239.5) rising by 4.8% and 4.1% respectively. The index for existing residential units (248.7) went up by 5.1%, with the indices for the Macao Peninsula (236.0) and Taipa & Coloane (305.9) increasing by 4.6% and 6.5% respectively.

The index for pre-sale residential units in the first quarter (233.3) increased by 1.7% quarter-to-quarter, a slowdown from the 10.7% growth in the fourth quarter of 2016. 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 more than 20 years ago (248.1) and for those completed between 6 and 10 years ago (243.6), up by 6.6% and 3.7% respectively. Analysed by usable floor area, the index for residential units with a usable floor area between 75 and 99.9 square metres (224.4) increased by 7.4% quarter-to-quarter, and the index for those with a floor area of 100 square metres or more (222.5) rose by 6.5%.

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.