Flat transactions slip 61pc in December

Local | 3 Jan 2019 5:07 pm

The number of sale and purchase agreements for all building units received for registration in December 2018 was 3,038, representing a year-on-year decline of 57.6 percent, according to statistics released by the Land Registry today.

Among the transactions, 2,060 involved residential units - slid 61.4 percent from the previous year, and a 21.8 percent drop over November 2018.

Total dollar volume relating to residential units was HK$24.1 billion last month – 53.7 percent lower than a year ago, and down 7.5 percent from the month before.

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