There were 9,332 sale and purchase agreements for all types of building units in May, up 8.5 percent from April, but down 37.2 percent over the same month last year.

According to a government press release on Friday, the total consideration of these agreements was 33.2 billion HK dollars, (4.26 billion U.S dollars), down 31.5 percent in April and 38.7 percent year-on-year.

Among the agreements, 7,812 were residential units, up 14.1 percent in April but down 37.3 percent in May last year.

The total consideration of residential units agreements was 23.4 billion HK dollars (3 billion U.S. dollars), up 15.5 percent in April but down 49 percent compared with the same month last year.

Source: Xinhua