MACAO, May 4 (Xinhua) -- The residential price index of China's Macao Special Administrative Region (SAR) in the first quarter of 2017 grew by 4.7 percent quarter-to-quarter to 244.0, the SAR's statistic department said on Thursday.
Information from the Statistics and Census Service (DSEC) showed that the indices for the Macao Peninsula (245.0) and Taipa & Coloane (239.5) rose by 4.8 percent and 4.1 percent respectively.
The index for existing residential units (248.7) went up by 5.1 percent, with the indices for the Macao Peninsula (236.0) and Taipa & Coloane (305.9) increasing by 4.6 percent and 6.5 percent respectively.
The index for pre-sale residential units in the first quarter (233.3) increased by 1.7 percent quarter-to-quarter, a slowdown from the 10.7 percent growth in the fourth quarter of 2016.
The indices for all groups of existing residential units in terms of year of completion registered growth.
The data also indicated a higher increase in the indices for residential units built more than 20 years ago (248.1) and for those completed between six and 10 years ago (243.6), up by 6.6 percent and 3.7 percent respectively.
Analyzed by usable floor area, the index for residential units with a usable floor area between 75 and 99.9 square meters (224.4) increased by 7.4 percent quarter-to-quarter, and the index for those with a floor area of 100 square meters or more (222.5) rose by 6.5 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.
