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Photo by Yao L via Pexels
HK property sales down 18.7% in September
It is also a 1.3% decline compared to the same month last year.
The Land Registry recorded 3,843 sale and purchase agreements for building units in September, an 18.7% decrease from August and a 1.3% drop year-on-year.
Total consideration for these agreements fell 19.4% from August to $27.7b, representing a 7.1% decline compared to last year.
Amongst these, 2,848 agreements were for residential units, down 22.1% from August and 0.5% year-on-year. The total consideration for residential units was $20.8b, down 26.8% from August and 8.5% compared to last year.
The Land Registry also recorded 355,009 searches in the land register last month.
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