Macao logs over 10,000 residential units under construction in Q3

0 CommentsPrint E-mail Xinhua, November 22, 2009
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Macao saw more than 10,000 residential units being constructed during the third quarter of 2009, according to the figures released on Saturday by the city's Land, Public Works and Transport Bureau.

There were a total of 83 private buildings under construction by the end of the third quarter, which will provide up to 10,000 residential units, 338 commercial units and 10 office units, the figures showed.

Another 198 private building projects were being examined by the Bureau by the end of the third quarter, which have a gross building areas of 3.143 million square meters. Once completed, these buildings can provide some 22,000 residential units and seven hundred commercial units.

According to the latest figures from Macao's Statistics and Census Service, the average transaction price of Macao's residential units rose by 27.6 percent quarter-to-quarter to 24,154 patacas (3,057 U.S. dollars) per square meter of usable area in the third quarter.

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