Photo by matthieu Gouiffes from Unsplash

Property sales suffer 25.5% MoM decline in May.

Year-on-year, however, sales rose 39.3%.

In May, the government recorded 7,361 sale and purchase agreements for all building units for registration, reflecting a 25.5% drop month-on-month (MoM) but a 39.3% increase year-on-year (YoY).

Overall transactions amounted to $62.3b, dropping 25.8% MoM but increasing 39.8% YoY.

Of the transactions, 5,546 were residential units, representing a 35.1% decrease MoM and a 38.5% YoY rise.

The total value for residential units amounted to $53.4b, down 31.1% from  April and up 45.2% YoY.

There were 405,058 land register searches in May.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!