Property sales down 16.5%

October 4, 2023

The Land Registry recorded 3,893 sale and purchase agreements for all building units received for registration in September, down 16.5% compared with August and 19.5% lower year-on-year.


The total consideration for such agreements fell 14.7% from August to $29.8 billion in September, while a 14.4% year-on-year decrease was recorded.


Of the agreements, 2,862 were for residential units, down 11.9% from August and 26.1% lower than a year ago.


The total consideration for residential units was $22.8 billion, a drop of 20.5% compared with August 2023 and down 21.7% from September last year.


There were 331,931 land register searches last month.

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