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 From Hong Kong's Information Services Department
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December 2, 2008
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Property
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Flat sales fall 37%

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Land Registry

Sale and purchase agreements for all types of building units received for registration in November was 3,786, a fall of 37.5% on October and 79.1% on November last year, the Land Registry says.

 

Using a 12-month moving average the figure represented a decrease of 10.4% on October and 11% on a year earlier.

 

The total consideration of these agreements in the month was $10.6 billion, down 43.8% on October and 86.9% on November last year.

 

Of the 3,786 sale and purchase agreements, 3,264 were for residential units, down 30.8% on October and 79.3% on a year earlier.

 

The total consideration of these agreements was $9 billion, down 44.7% on October and 87.2% on last year. Click here for details.