Source: Jimmy Chan (Pexels)

Property sales drop nearly 40% in 2022

The Land  Registry received only 59,619 sale and purchase agreements.

The Land Registry reported it received only 59,619 sale and purchase agreements in 2022, down by 38% year-on-year.

This also represented an 18.7% decline in comparison to 2020 figures. 

The total consideration amounted to $554.46b, down 39.6%YoY and an 11.8% decrease compared with 2020.

Read more: Property sales fall 8.1% MoM in October

Moreover, the number of assignments of building units for 2022 was 85,976, down 26.8%YoY and 3.4% lower than 2020.

The total consideration for these assignments was $691.35b, down 25.2%YoY, but 5.1% more than 2020.


Follow the link 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!


‘Wall-less’ office tears down barriers to collaboration amongst AnyMind’s creatives
The office opens up for employees to collaborate, relax, feed off one another’s energy, and enjoy ‘happy hour’ and ‘mental space.’
Auction houses thrive on Asian millennials’ art-buying power
Millennials are seen to be particularly drawn to contemporary art as growth for Christie’s, Sotheby’s, and Phillips are highly anticipated in art hubs Hong Kong and Singapore.
Hong Kong’s livi bank launches game-changing app for SMEs
Going fully digital on opening accounts and approving quick loans to SMEs raises ‘livi Business’ disbursements to over HK$70m (US$8.9m) as of end-April.