Property sales jump 7.6% in February

A total of 5,615 deals for all building units were recorded.

The Land Registry of Hong Kong recorded a total of 5,615 sale and purchase agreements for all buildings in February, up 7.6% on January and 117.4% higher than last year.

The total sales value in February was $43.4b, reflecting a 10% increase from January and 163.5% spike from last year. Among the sale and purchase agreements, 4,079 were for residential units, a 24.1% increase on the previous month and 125.7% more year-on-year. The total consideration for residential units was $36.5b, up 32.9% compared with January and 209.8% more year-on-year.

Meanwhile, the public made 379,155 land register searches during the month.