Market Chatter: Hong Kong's Home Sales Value Jumps 17% in February

MT Newswires Live
Mar 04

Hong Kong's home sales value totaled HK$57.6 billion in February, up 17% from January and 150.3% year-on-year, The Standard reported Tuesday, citing the Land Registry.

The number of residential sale and purchase agreements reached 6,669, rising 17.6% from the previous month and 108.4% from a year earlier, according to the report.

Across all building units, the Land Registry recorded 7,924 sale and purchase agreements received for registration in February, up 3.8% month-on-month and 84% year-on-year, the report said.

Total consideration for these agreements amounted to HK$62.1 billion, increasing 8.6% from January and 119.7% from the same period last year, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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