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The Land Registry today (September 4) released the land registration statistics for August, 2006.
The total number of sale and purchase agreements for all types of building units received for registration in the Land Registry in August was 8,634. This was an increase of 29.6% over July, 2006, but a decrease of 3.1% compared with August, 2005.
Using a 12-month moving average, the figure for August, 2006, represented a decrease of 0.3% from July, 2006, and 29.8% compared with August, 2005.
The total consideration of these agreements in the month was $25.1 billion, up 44.3% over July, 2006, but down 16% compared with the amount for August, 2005.
Among the 8,634 sale and purchase agreements, 7,032 were sale and purchase agreements for residential units. This was an increase of 30.3% over July, 2006, but a decrease of 3.6% compared with August, 2005.
The total consideration of these agreements in the month was $21 billion, up 52.8% over July, 2006, but down 4.4% compared with the amount for August, 2005.
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 August, 2006.
Relevant statistics for July, 2006, and August, 2005, 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/Monday, September 4, 2006
Issued at HKT 16:16
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