Published:
Hong Kong's property sales dropped crashed 50.7% in August
375,700 land-register searches were made.
In a report, the Land Registry announced that the number of sale and purchase agreements for all building units in August was 5,111, down 6.9% on July, and a decline of 50.7% year-on-year.
The total consideration for these agreements was $30.1 billion, up 8.9% on July, but a decline of 44.4% year-on-year.
The total consideration for these agreements in residential units was $19.6 billion, down 6.8% on July, and a decline of 50.8% year-on-year.
The public made 375,700 land-register searches, down 6.2% on July, and down 24.4% year-on-year.
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