Statistics

Hong Kong property sales up 9% in March

(Xinhua)
Updated: 2011-04-05 11:20

HONG KONG - Hong Kong Land Registry Monday announced that the number of sale and purchase agreements for all building units received for registration in March was 13,501, up 8.9 percent on February and 6.3 percent on March last year.

The 12-month moving average for March was 13,337, up 0.5 percent on the 12-month moving average for February and 4.2 percent on that for March last year.

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The total consideration of sale and purchase agreements was HK$69. 4 billion ($8.92 billion), up 26 percent on February and 19.4 percent on March last year.

Among the sale and purchase agreements, 10,456 were for residential units, up 0.6 percent on February but down 3.7 percent on March last year.

The total consideration for sale and purchase agreements in respect of residential units was HK$51.9 billion, up 13.7 percent on February and 7.3 percent on March last year.