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The Land Registry today (February 2) released the land registration statistics for January, 2005.
The total number of sale and purchase agreements for all types of building units received for registration in the Land Registry in January, 2005, was 10,138. This was a decrease of 3.6% from December, 2004, but up 7.1% compared with January, 2004.
Using a 12-month moving average, the figure for January, 2005, represented an increase of 0.5% over December, 2004, and 38.7% compared with January, 2004.
The total consideration of these agreements in the month was $31.2 billion, down 7% from December ,2004, but up 37.7% compared with the amount for January, 2004.
Among the 10,138 sale and purchase agreements, 7,909 were sale and purchase agreements for residential units. This was a decrease of 3.1% from December, 2004, but up 2.4% compared with January, 2004.
The total consideration of these agreements in the month was $23.3 billion, down 2.5% from December, 2004, but up 29.2% compared with the amount for January, 2004.
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 January, 2005.
Relevant statistics for December, 2004, and January, 2004, 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/Wednesday, February 2, 2005
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Information on the land registration statistics for downloading (pdf
format):
