News

Commercial Property Residential Property

Staff Reporter

, Hong Kong

Published:

1 year ago

Image by <a href="https://pixabay.com/users/blazejosh-64945/?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=4454108">Jude Joshua</a> from <a href="https://pixabay.com//?utm_source=link-attribution&utm_medium=referral&utm_campaign=image&utm_content=4454108">Pixabay</a>

Property transactions fell 33.1%

On a yearly basis, it grew 18.6%.

The Land Registry documented 5,755 sale and purchase deals for all building units received for registration in April.

It declined 33.1% compared with March and 18.6% higher year-on-year (YoY), read the statement.

The total consideration for such agreements declined 7.5% from March to $63.7b in April, whilst a 52.5% YoY increase was recorded.

Of the agreements, 4,583 were for residential units, down 31.5% from March and 17.6% higher than a year ago.

The total consideration of residential properties was $52.4b, down 9.5% compared with March and up 49% from April 2022.

The Land Registry reported 349,372 land register searches last month.

Follow the link for more news on

Land Registry

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