**********************************************
The Land Registry today (December 2) released the land registration statistics for November 2004.
The total number of sale and purchase agreements for all types of building units received for registration in the Land Registry in November 2004 was 13,690. This was an increase of 25.4% over October 2004 and 41.9% compared with November 2003.
Using a 12-month moving average, the figure for November 2004 represented an increase of 3.4% over October 2004 and 43.8% compared with November 2003.
The total consideration of these agreements in the month was $44.5 billion, up 30.2% over October 2004 and 108.9% compared with the amount for November 2003.
Among the 13,690 sale and purchase agreements, 11,281 were sale and purchase agreements for residential units. This was an increase of 28% over October 2004 and 44.4% compared with November 2003.
The total consideration of these agreements in the month was $35 billion, up 31.6% over October 2004 and 98.3% compared with the amount for November 2003.
Sales of residential units refer to the sale and purchase agreements with payment of stamp duty. These statistics do not include sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme and the Tenants Purchase Scheme except those after payment of premium.
The figures are contained in the monthly statistics released today by the Land Registry on deeds relating to property transactions received for registration in the Urban and New Territories Land Registries in November 2004.
Relevant statistics for October 2004 and November 2003 are provided for comparison. Figures on sale and purchase agreements received for the past 12 months, the year-on-year rate of change and breakdown figures on residential sales are also released.
These statistics generally relate to land transactions executed up to four weeks prior to their submission for registration, as there is usually a time lag between the execution of deeds and their lodgement for registration.
Ends/Thursday, December 2, 2004
NNNN
Information on the land registration statistics for downloading (pdf
format):
- Consolidated
monthly statistics in respect of deeds
- Comparison
of monthly statistics
- No.
of sale and purchase agreements of building units
- No.
of sale and purchase agreements of residential building units
- Year-on-year
rate of change in the no. of sale and purchase agreements
- Monthly
Statistics in respect of agreements for sales and purchases received
for registration on regional basis
