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The Land Registry today (July 3) released the land registration statistics for June 2003.
The total number of sale and purchase agreements for all types of building units received for registration in the Land Registry in June 2003 was 6,013. This was an increase of 18.1 per cent over May 2003 but a decrease of 27.7 per cent compared with June 2002.
Using a 12-month moving average, the figure for June 2003 represented a decrease of three per cent from May 2003 and 20.5 per cent compared with June 2002.
The total consideration of these agreements in the month was $11.5 billion, up 22.5 per cent over May 2003 but down 39.6 per cent compared with the amount for June 2002.
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 June 2003.
Relevant statistics for May 2003 and June 2002 are provided for comparison. Figures on sale and purchase agreements received for the past 12 months and the year-on-year rate of change were 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.
End/Thursday, July 3, 2003
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Information on the land registration statistics for downloading (pdf
format):
