COMMERCIAL PROPERTY | Staff Reporter, Hong Kong

Property sales dropped 20.7% to 7,540 deals

Total consideration was $56.6b.

The Land Registry recorded 7,540 sale and purchase agreements for all building units in September, up 23% on August but down 20.7% compared to a year ago.

The total consideration for sale and purchase agreements in September was $56.6 billion, up 29.1% on August but down 12.9% year-on-year.

Of the sale and purchase agreements, 5,629 were for residential units, up 40.2% on the previous month but down 28.1% year-on-year.

The total consideration for residential units was $45.3 billion, up 34.5% compared with August but down 19.1% year-on-year.

The public made 433,429 land register searches during the month.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.