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Property sales up 28%

October 04, 2016

The Land Registry announced today it recorded 9,504 sale and purchase agreements for all building units in September, up 27.9% on August, and up 73.8% year-on-year.


The total consideration for sale and purchase agreements in August was $65 billion, up 13.4% on August and up 57.2% year-on-year.


Among the sale and purchase agreements, 7,826 were for residential units, up 34.4% on the previous month and up 83.6% year-on-year.


The total consideration for residential units was $56 billion, up 37.7% compared with August and 66.9% more year-on-year.


The public made 438,992 land register searches during the month.

Sales of First-hand Residential Properties Authority