Macao's overall residential property price index up 5.4 pct

MACAO - The overall residential property price index in China's Macao Special Administrative Region (SAR) from March to May increased by 5.4 percent to 265.0, compared with that of the previous period from February to April, the SAR's statistics service said on Tuesday.

Information from the Statistics and Census Service also indicated that the index for the Macao Peninsula (266.7), and Taipa and Coloane (257.0) rose by 6.0 percent and 2.3 percent respectively.

The index for overall existing residential units (285.2) went up by 3.4 percent from March to May, while the index for pre-sale residential units (274.3) increased by 9.2 percent.

The overall residential property price index expanded by 8.7 percent year-on-year compared with the same period last year, with the index for existing residential units and pre-sale residential units rising by 10.0 percent and 10.8 percent respectively year-on-year.