Photo from Unplash

Property sales dip 0.8% MoM in July

A total of 7,271 sale and purchase agreements for all building units were recorded in July.

The Land Registry recorded 7,271 sale and purchase agreements in July, a 0.8% drop compared with June, but 37.1% higher year on year (YoY).

The total consideration for such agreements in July dropped 17.8% from the previous month to $54.6b, but still a 28% increase YoY.

Amongst all the agreements, 5,766 were for residential units, a 3.2% decrease from June and a 54.9% surge YoY.

The total consideration for residential units recorded $46.4b, a 24.1% drop compared with June but a 29.9% rise YoY.
 

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 design 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!

Top News

Li Dong Building hits market at $800m in public tender
The building is about 90% leased, largely to medical, fitness, and physiotherapy tenants.
November property registrations slips to 7,121 units
Residential agreements decline as total consideration eases year on year.
Economy
Port cargo throughput falls 5.6% in Q3
Inward cargo dropped 11% whilst outward shipments rose modestly.