Property sales drop 20% in August

A total of 7,875 transactions were recorded during the month.

The number of sales and purchase agreements in August declined 20.9% month-on-month (MoM) to 7,875, the Land Registry reported.

The property sales in August 2021 improved by 46% when compared to the same month last year. The 12-month moving average for August is 7,981, representing a 2.7% MoM and 46.3% year-on-year (YoY) increase.

The total consideration for the property sales in August amounted to $70.4b, dropping 25% from the sales recorded in July, but climbing 54.5% from August 2020.

Of the property sales in August, 5,546 were for residential units, down by 26.8% MoM but up by 27.3% YoY.

The total consideration sales of residential units decreased 30.7% MoM to $54.5b. It went up by 35.5% compared with August 2020.

Moreover, the number of searches of land registers made by the public in August was 517,073, which slipped by 2.5% MoM.

Follow the link s for more news on

Hong Kong Property

Hong Kong Property Sales

Also Read

2024 Policy Address: HK expands investment scheme to include residential property assets

2024 Policy Address: Hong Kong to eradicate subdivided flats under 8 square meters

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit