Property transaction records reach 17-month high

Posted: Aug 5 2014Last Updated: Jul 14 2017
Increasing Property Transactions5 August 2014 -  The Land Registry yesterday released statistics indicating that 9,400 sale and purchase agreements were received for all building units in July. The figure marks a 17-month record high.
Of the total S&P agreements submitted, 7,792 were for residential units, marking an increase of 30.7% on June and 95.5% on July last year. Turnover of local home sales soared 68.6% on June and 172.2% on last year, reaching a total of HK$ 57.1 billion.
The number of licensed real estate agents also rose for a third consecutive month, with a total number of 35,550 recorded to date.
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