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HK's property deals up 20 pct in Feb.
Last Updated(Beijing Time):2012-03-02 17:57

The Land Registry of Hong Kong said Friday that 5,425 sale and purchase agreements for all building units in February were recorded, up 20.8 percent on January but down 56.3 percent year on year.

The total consideration for sale and purchase agreements in February was 27 billion HK dollars (about 3.48 billion U.S. dollars), down 3 percent on January and down 51 percent year on year.

Of the agreements, 3,884 were for residential units, up 10.7 percent on January but down 62.6 percent year on year.

Total consideration for sale and purchase agreements in respect of residential units was 19 billion HK dollars, down 14.2 percent on January and 58.3 percent year on year.

There were 402,604 land-register searches in February, up 43.4 percent on January and up 0.6 percent year on year. (1 U.S. dollar equals 7.76 HK dollars)

Source:Xinhua 
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