Group 1: Real Estate Market Overview - In Q1 2024, a total of 1,348 property transactions were completed in Macau, with a total value of 5.33 billion MOP, representing a decline of 1.5% and 28.4% compared to Q4 2023 [1] - The average price per square meter for residential units decreased by 5.5% quarter-on-quarter to 71,859 MOP, with specific declines noted in different regions: Macau Peninsula (68,043 MOP), Taipa (78,547 MOP), and Coloane (76,441 MOP) [1] - The number of residential unit transactions fell to 754, down by 130 units from the previous quarter, with a total transaction value of 3.69 billion MOP, a decrease of 27.4% [1] Group 2: Residential and Commercial Unit Trends - The average price per square meter for office units dropped by 10.1% to 58,652 MOP, while industrial units saw an increase of 5.5% to 34,361 MOP [2] - As of the end of Q1 2024, there were 5,174 residential units in the design phase and 1,785 units under construction, with 104 units undergoing inspection [2] - A total of 212 residential units received occupancy permits during the quarter, all located in the Macau Peninsula, with 32 units having construction permits issued [2]