Hong Kong flat sales up 31.5%

The total consideration of sale and purchase agreements in November was up 30.2% to $74bln on October.

There were 15,967 sale and purchase agreements for all building units received for registration in November, up 31.5% on October and 42.7% on November last year, the Land Registry said on Thursday in one of its report.

The 12-month moving average for November was 13,505, up 3% on October and 26.3% on November last year.
The total consideration of sale and purchase agreements in the month was $74 billion, up 30.2% on October and 54.5% on November last year.

Among the sale and purchase agreements, 13,189 were for residential units, up 38.1% on October and 43.2% on November last year.

The total consideration for sale and purchase agreements in respect of residential units was $58.8 billion, up 30.9% on October and 54.2% on November last year.