Published:
Home sales in Hong Kong crashed 48.8% to $24b
land-register searches also declined.
According to a report, the Lands Registry recorded 4,276 sale and purchase agreements for residential units in May, up 24.8% on April, but down 48.8% year-on-year, with a total consideration of $24 billion.
There were 5,288 agreements for all building units in May, up 20.5% on April, but down 54% year-on-year.
The total consideration for these agreements stood at $31.1 billion, down 2.4% on April and 52.4% year-on-year.
The public made 389,550 land-register searches during the month, 3.5% down on April, and 17.3% less year-on-year.
![Cross Domain [Manu + SBR + ABF + ABR + FMCG + HBR + ]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/exclusive_featured_article/public/2025-01/earth-3537401_1920_4.jpg.webp?itok=WaRpTJwE)
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