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HK's building sales up 0.7% in November

(Xinhua)
Updated: 2009-12-03 13:44

A total of 11,191 sale and purchase agreements for building units were registered in November in Hong Kong, up 0.7 percent on October and 195.6 percent on November last year, the city's Land Registry said Wednesday.

Using a 12-month moving average, the November figure rose 6.1 percent on October and 3.9 percent on November last year.

The total consideration of these agreements was HK$47.9 billion ($6.19 billion), up 5.4 percent on October and 349.9 percent on the same month last year, according to the statistics released by the Land Registry.

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Of the 11,191 sale and purchase agreements, 9,213 were for residential units, down 0.9 percent on October but up 182.3 percent over a year earlier.

The total consideration of these agreements grew 5 percent on October to HK$38.2 billion. Compared with the same period last year, the figure rose 323.6 percent.

The number of searches of land registers made by the public was 444,355, down 3.8 percent on October but up 51.5 percent on last November.

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