Hong Kong Land Registry: The total value of residential building sales contracts in April increased by 50.9% year-on-year.

The Land Registry of Hong Kong announced that in April, a total of 8,692 types of building sale and purchase agreements were submitted for registration, representing a 12.3% increase month-on-month and a 20.2% increase year-on-year. Based on a 12-month moving average, there were 7,463 building sale and purchase agreements in April, representing a 1.7% increase month-on-month and a 30.5% increase year-on-year. The total value of building sale and purchase agreements in April was 72.9 billion Hong Kong dollars, representing a 17% increase month-on-month and a 45.5% increase year-on-year. Of the above sale and purchase agreements, residential building sale and purchase agreements accounted for 7,368, representing a 16.7% increase month-on-month and a 29.4% increase year-on-year. The total value of residential building sale and purchase agreements in April was 63.7 billion Hong Kong dollars, representing a 15.4% increase month-on-month and a 50.9% increase year-on-year. In terms of land searches, there were a total of 419,404 searches conducted by citizens in April, representing a 7.2% decrease month-on-month and a 13.8% increase year-on-year.