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The transactions’ total consideration for the period was down 2.2% to $370.14bn.

Although June's input cost index eased for the first time since February, at 65.5 it is still sitting high above trend, so cost inflationary pressures remains acute, says HSBC.

Yet the number of searches of land registers made in the same month dropped 2.9% compared with May and fell 6.7% compared with June 2010.

Residents’ improving income and vibrant inbound tourism are expected to further boost retail business.

Hong Kong’s monetary base at the end of May down 0.5% to $1.05tn behind a decrease in Certificates of Indebtedness.

Deposits grew to RMB548.8 billion.

CB Richard Ellis says the country’s prime office rates climbed by 40% at the end of Q1 2011.  

The value of total goods exports rose 17% while the value of goods imports increased 15.8% for the first five months this year.

Yet approvals for primary market transactions and secondary market transactions grew by $1.2bn and $3.1bn.

Appreciation of the yuan against the Hong Kong dollar was named one of the drivers.

Trade in services, goods and in investment; and protection of intellectual property are covered in Hong Kong’s first free-trade agreement with the European economies.

The Royal Bank of Scotland says there is risk of a financial crisis after an extended period of ultra-loose monetary conditions in Hong Kong.

A consultant went on to say that Hong Kong has not managed its land supply well. This as multinational companies expanding in Asia are said to be turning increasingly to Singapore for their regional bases.

Though a touch lower than expectations for 5.3%, it still sat above market expectations for 5.0%, says HSBC.

Price drop in energy has limited effect on inflation rate as transport makes up for only 8% of Hong Kong's composite CPI basket.

Robust momentum in external trade regained in the first quarter boosted GDP from 6.4% in the previous quarter.