Property sales up 63.8% in May

However, it’s 11.3% lower compared to the previous year.

Property sales in Hong Kong went up by 63.8% in May however it is 11.3% lower compared to the year before, according to the data by the Land Registry.

The total consideration for such agreements rose 84.3% from April to $77b in May, but a 12.1% YoY compared to the same time last year.

Of the agreements, 6,202 were for residential units, up 59.1% from April but 12.5% lower than a year ago. The total consideration of residential units was $58b, an increase of 65.1% compared to April but down 24.5% YoY.

There were 475,130 land register searches last month.
 

Follow the links 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!

Top News

HK approves 15 building plans in March 
Four were approved on Hong Kong Island, two in Kowloon, and nine in the New Territories.
75% of HK consumers shop on social media: report
Features such as payment methods, personalisation, and payment security are also crucial for attracting customers.