Agreements for residential units surged 43.9% to 5,756.
Property sales have reversed its five months of decline as it jumped 32% MoM to 6,701 in November, according to the Land Registry. On a YoY basis, it soared 69.5%.
In contrast, the total consideration for these agreements slipped 6.2% MoM to $61.5b, however it leapt 42% on a YoY basis.
The agreements for residential units surged 43.9% MoM and more than doubled (118.4%) YoY to 5,756. Likewise, the total consideration for these hit $47.8b, rising 17.4% MoM and soaring 83.6% YoY.
Amongst districts, Kowloon recorded the most number of transactions at 1,773, whilst the Hong Kong island has the most consideration at $18.6b.
At the same time, the number of land register searches hit 386,075, a 9.9 decline MoM.
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