Hong Kong’s residential property transactions fell sharply in October, figures from the Land Registry showed Tuesday.
The number of sale and purchase agreements for residential units dropped 22.6 percent from the previous month to 3,300. The figure tumbled 46.7 percent from a year ago.
The total consideration for residential units also declined, down 32.8 percent monthly to HK$22.5 billion. Compared to a year ago, the amount decreased 54.7 percent.
The number of sale and purchase deals for all building units decreased 17.9 percent month-on-month to 4,491. The figure plunged 43.6 percent from the same month last year.
The deal consideration for all units shrunk 13.2 percent from the previous month to HK$35.9 billion. From a year ago, the figure declined 47.7 percent.
The material has been provided by InstaForex Company – www.instaforex.com