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The Land Registry today (December 2) released the land registration statistics for November 2005.
The total number of sale and purchase agreements for all types of building units received for registration in the Land Registry in November 2005 was 8,058. This was a decrease of 18.3% from October 2005 and 41.1% compared with November 2004.
Using a 12-month moving average, the figure for November 2005 represented a decrease of 4.2% from October 2005 but an increase of 5.8% compared with November 2004.
The total consideration of these agreements in the month was $28.4 billion, down 20.5% from October 2005 and 36.1% compared with the amount for November 2004.
Among the 8,058 sale and purchase agreements, 6,308 were sale and purchase agreements for residential units. This was a decrease of 26.3% from October 2005 and 44.1% compared with November 2004.
The total consideration of these agreements in the month was $19.4 billion, down 35.1% from October 2005 and 44.5% compared with the amount for November 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 Land Registry in November 2005.
Relevant statistics for October 2005 and November 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/Friday, December 2, 2005
Issued at HKT 16:18
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