HK home sales value plunges nearly 10 pc in November

Hong Kong's home sales value amounted to HK$51.7 billion in November, plunging 9.8 percent year-on-year, according to data from the Land Registry.

The figure also represented a 1.2 percent growth from October.

The number of sale and purchase agreements for residential units fell 11.3 percent from the previous year, or down 2.2 percent month-on-month, to 5,588.

Besides, all building units saw a 7.4 percent decline in deals to 7,121 during the period compared to last year, representing 8.5 percent lower than the 7,190 registrations in October.  

Total sales reached HK$58.1 billion, up 0.9 percent from October but down 8.9 percent year-on-year.