Hong Kong Land Registry: The total value of building sale and purchase agreements in August reached HK$47.8 billion, an increase of 39.2% year-on-year.

According to the data from the Hong Kong Land Registry obtained by the Wisdom Financial APP, a total of 6462 building sale and purchase agreements were submitted to the Land Registry for registration in August, a decrease of 10.4% compared to July but an increase of 36.6% compared to the same period last year. When calculated on a twelve-month moving average basis, there were 6118 building sale and purchase agreements in August, an increase of 2.4% compared to July and an increase of 24.0% compared to the same period last year. The total value of building sale and purchase agreements in August was 47.8 billion Hong Kong dollars, a decrease of 12.5% compared to July but an increase of 39.2% compared to the same period last year.