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Home >> Business
UPDATED: 07:27, May 05, 2005
Property sales consideration up 44 percent in HK
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April saw 16,280 sale and purchaseagreements for all types of building units for registration in Hong Kong, up 59 percent over March and 43.1 percent over a year earlier, Hong Kong Land Registry said on Wednesday.

The total consideration was 47.9 billion HK dollars (6.14 billion US dollars), up 44 percent over March and 44.2 percent over a year earlier.

Using a 12-month moving average, the number of agreements represented a rise of 4.1 percent over March and 13.8 percent overa year earlier.

Among the agreements, 14,124 were for residential units. This represented a rise of 62.9 percent over March and 57 percent over a year earlier.

The total consideration of these agreements was 38.7 billion (4.96 billion US dollars), up 44.9 percent over March and 44.7 percent over a year earlier.

Source: Xinhua


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