Statistics

Hong Kong flat sales fall 16.5% in June

(Xinhua)
Updated: 2010-07-06 10:24

HONG KONG - The Hong Kong Land Registry said on Monday that the number of sale and purchase agreements for all building units received for registration in June was 11,128, down 16.5 percent on May and 29.3 percent on year-to-year basis.

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According to the news release, the total consideration was HK$43.1 billion ($5.53 billion), down 18.2 percent on May and 26 percent on June last year.

Of these agreements, 9,130 were for residential units, 17.1 percent down on May and 33.9 percent down year-on-year. The total consideration was HK$33 billion down 23 percent on May and 33.6 percent year-on-year.

The 12-month moving average for June was 12,700, down 2.9 percent on May but up 57.4 percent on June last year.

These statistics do not include sales under the home ownership scheme, the private sector participation scheme and the tenants purchase scheme, except those after premium payment.

However, there were 519,072 searches of land registers by the public, up 4.8 percent on May and 6.9 percent on June last year.