Published:
Hong Kong's property sales crashed 52.2%
Home sales weakened at $27b.
In a report, the Land Registry announced that the number of sale and purchase agreements for all building units in March was 6,841, down 29.1% on February, and a decline of 52.2% year-on-year.
The total consideration for these agreements was $44.4 billion, down 24.9% on February, and a decline of 40.7% year-on-year.
The total consideration for these agreements in residential units was $27 billion, down 30.1% on February, and a decline of 54.2% year-on-year.
The public made 403,263 land-register searches, up 20 % on February, and down 15.5 % year-on-year.
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