Property sales consideration up 44 percent in HK

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