Hong Kong home sales value surges 84.1 pc in January

Hong Kong's home sales value generated HK$49.2 billion in January, surged by 84.1 percent year-on-year, but fell 3.9 percent from December, according to data from the Land Registry.

Residential units recorded 5,669 sale and purchase agreements in January, which grew 56.3 percent year-on-year, but were down 3.6 percent from December. 

Besides, the number of sales and purchase agreements for all building units dropped 15.2 percent to 7,631 compared to December, but surged by 54.5 percent year-on-year.

The total sales reached HK$57.2 billion, fell 12 percent from December, and increased by 55.8 percent year-on-year.

Gloria Leung