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Property sales up 35%

April 05, 2017

The Land Registry recorded 7,605 sale and purchase agreements for all building units in March, up 35.4% on February and 141.1% compared to a year ago.


The total consideration for sale and purchase agreements in March was $61.6 billion, rising 42% on February and 184.5% year-on-year.


Among the sale and purchase agreements, 5,856 were for residential units, a 43.6% increase on the previous month and 147.2% more year-on-year.


The total consideration for residential units was $50.4 billion, up 38.2% compared with February and 194.5% more year-on-year.


The public made 484,298 land register searches during the month.

Sales of First-hand Residential Properties Authority