Property sales fell by almost 21% in June

Over 6,290 sale and purchase deals for all units were received for registration.

A total of 6,290 sale and purchase agreements for all building units were logged for registration in June 2022, a 20.9% decrease from May and 32.9% lower on a yearly basis, the Land Registry said.

It also noted that the total consideration for these agreements went down by 31% from May to $53.2b in June, and a 42.6% year-on-year decrease was posted.

Of the number of agreements, 4,826 were for residential units, which is down by 22.2% from May and 36.4% lower than a year ago.

The total consideration of residential units was valued at $45.2b, a decline of 22.2% from May and a 44.2% decrease from June 2021.

In May 2022, there were 445,244 land register searches.

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!

Exclusives

HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.