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The Land Registry today (December 2) released its statistics for November.
Land Registration
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* The number of sale and purchase agreements for all building units received for registration in November was 11,191 (+0.7% compared with October and +195.6% compared with November 2008)
* The 12-month moving average for November was 10,691 (this was 6.1% above the 12-month moving average for October and 3.9% above that for November 2008)
* The total consideration of sale and purchase agreements in November was $47.9 billion (+5.4% compared with October and +349.9% compared with November 2008)
* Among the sale and purchase agreements, 9,213 were for residential units (-0.9% compared with October but +182.3% compared with November 2008)
* The total consideration for these sale and purchase agreements was $38.2 billion (+5% compared with October and +323.6% compared with November 2008)
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.
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.
As deeds may not be lodged with the Land Registry until up to 30 days after the transaction, these statistics generally relate to land transactions in the previous month.
Land Search
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* The number of searches of land registers made by members of the public in November was 444,355 (-3.8% compared with October but +51.5% compared with November 2008)
The statistics cover searches made at the counter, through the self-service terminals and the IRIS Online Services.
Ends/Wednesday, December 2, 2009
Issued at HKT 17:00
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