Housing News
- Flat sale, purchase pacts rise by 22.9 pct in HK
Date: 5-Sep-2007 Sources: (People's Daily)
The flat sale and purchase pacts in August in Hong Kong rose by 22.9 percent over July and 58.3 percent surge on the same period of last year, Hong Kong Land Registry said on Tuesday.
According to statistics from Land Registry, there were 13,664 sale and purchase agreements for all types of flats registered in Hong Kong, with 84 percent related to residential units involving a total consideration of 36.8 billion Hong Kong dollars (4.73 billion U.S. dollars).
The land registration statistics rolled out Tuesday showed that the total consideration of the 13,664 agreements was 44.2 billion Hong Kong dollars (5.68 billion U.S. dollars), up 16.3 percent over July and 76.3 percent on a year earlier.
Among all the sale and purchase agreements, 11,480 were for residential units. This was an increase of 24.9 percent over July and 63.3 percent compared with last August.
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