Property sales jumped 32% to 6,710 units in November

Agreements for residential units surged 43.9% to 5,756.

Property sales have reversed its five months of decline as it jumped 32% MoM to 6,701 in November, according to the Land Registry. On a YoY basis, it soared 69.5%.

In contrast, the total consideration for these agreements slipped 6.2% MoM to $61.5b, however it leapt 42% on a YoY basis.

The agreements for residential units surged 43.9% MoM and more than doubled (118.4%) YoY to 5,756. Likewise, the total consideration for these hit $47.8b, rising 17.4% MoM and soaring 83.6% YoY.

Amongst districts, Kowloon recorded the most number of transactions at 1,773, whilst the Hong Kong island has the most consideration at $18.6b.

At the same time, the number of land register searches hit 386,075, a 9.9 decline MoM.