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HK house sales consideration grow 46% in June

(Xinhua)
Updated: 2008-07-04 16:22

Hong Kong's housing transactions remained buoyant on a steady low interest rate level in June with the total housing sales consideration surging 46 percent year-on-year in the month, revealed the Land Registry's latest statistics Thursday.

The total consideration involved rose 69.2 percent from May and46 percent on a year earlier, to HK$57.5 billion ($7.37 billion) in June, according to the Land Registry.

The Land Registry's figures showed that 11,876 flat sale and purchase pacts were recorded in June, up 17.1 percent on May but down 0.9 percent on a year earlier.

Using a 12-month moving average, the June figure represented a 0.1 percent dip on May but a 37.3 surge compared with the period of last year.

Of the sale and purchase pacts, 10,205 were for residential units, up 23.2 percent on May and 5.7 percent on a year earlier.