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RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong
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Sale, purchase agreements of building units up 6.6% in December

There are 7,596 agreements for all building units for registrations during the month.

Total consideration for sale and purchase agreements of building units in Hong Kong rose 6.6% to $70.3b in December 2020 compared with the previous month, according to data from the Land Registry. This is more than twice the amount recorded in December 2019.

A total of 7,596 sale and purchase agreements for all building units for registration were recorded in December 2020, up 4.9% from November 2020 and 94.4% higher than in December 2019.

Of these, 6,067 were for residential units, a 0.05% decrease from November’s figures, but 90.5% higher than a year ago.

Total consideration for residential units reached $58.7b, up 1.1% compared with November and 87.9% higher than in December 2019.

A total of 411,759 land register searches were recorded last month.

Photo courtesy of Pexels.

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