RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong

Property sales drop 31% in July

There were 5,461 agreements signed.

The Land Registry recorded 5,461 sale and purchase agreements for all building units in July, down 30.9% on June but up 2% compared to a year ago.

The total consideration for sale and purchase agreements in July was $45.8 billion, down 38.1% on June but up 26.7% year-on-year.

Among the sale and purchase agreements, 3,515 were for residential units, down 42.1% on the previous month but up 11.7% year-on-year.

The total consideration for residential units was $33.2 billion, down 43.8% compared with June but up 11.7% year-on-year.

The public made 434,555 land register searches during the month.

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