Property sales rise 6.3%

Source: Hong Kong Information Services

The Land Registry logged 6,870 sale and purchase agreements for all building units received for registration in September, up 6.3% compared with August and 78.8% higher year-on-year.

The total consideration for such agreements in September increased 11.9% from the previous month to $53.5 billion, representing a 11.9% year-on-year growth.

Of the agreements, 5,643 were for residential units, amounting to a 6.7% increase from August and a 98.1% rise from a year ago.

The total consideration for residential units was $47.2 billion, up 11.9% compared with August and 126.6% higher year-on-year.

There were 401,196 land register searches last month.