Macau Housing Numbers in 2006 Up by 15.4%



Information from the Statistics and Census Service showed that in the fourth quarter of 2006, construction of 25 buildings was started, with 2,923 units and 464,752 m^(2) in gross floor area, up 15.4% and down 20.9% respectively over the fourth quarter of 2005, and up 8.5 times and 1.6 times respectively in comparison with the third quarter of 2006. A sum of 2,299 parking spaces for cars and 416 parking spaces for motorcycles were provided. In 2006, the newly started buildings provided 4,756 units and 1,054,289 m^(2) in gross floor area, down 3.9% and 50.6% year-on-year respectively.

In the fourth quarter of 2006, a total of 26 buildings were completed and extended, involving 122 units and 213,363 m^(2) in gross floor area, down 67.6% and up slightly by 1.0% respectively over the fourth quarter of 2005, and down 94.0% and 60.2% respectively in comparison with the third quarter of 2006. A sum of 487 parking spaces for cars and 107 parking spaces for motorcycles were provided. In 2006, the completed and extended buildings provided 3,026 units and 1,276,321 m^(2) in gross floor area, up 1.4 times and 2.3 times year-on-year respectively.

In addition, the number of residential buildings completed and extended was 14, supplying 102 building units, which went down 68.8% and 94.6% over the fourth quarter of 2005 and the third quarter of 2006 respectively. The housing units were mainly T3 (84 units), accounting for 82.4% of the total, followed by T4 and over (11 units). The number of housing units completed in 2006 totalled 2,783, showing a year-on-year increase of 1.5 times.

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