The total value of residential property transactions in Hong Kong surged 29.9% year over year to HK$46.4 billion in July, The Standard reported Monday, citing Land Registry data.
According to the report, the number of residential units sold rose 54.9% from a year earlier to 5,766, though both transaction value and volume fell month over month by 24.1% and 3.2%, respectively.
Including all property types, 7,212 sale and purchase agreements were registered, up 37.1% from July 2024 but down 0.8% from June, it added.
Total consideration across all categories came to HK$54.6 billion, a 17.8% drop from the previous month, The Standard said.
(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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