The housing market in Hong Kong is gaining strong momentum this
year as 13,227 registrations for flat sale and purchase agreements
were recorded in October, up 26. 3 percent from September, revealed
the Land Registry's latest figures?on Friday.
The housing sales' robust growth in October in the city was also
75.1 percent stronger than the same month last year, according to
the Land Registry.
The total consideration of these agreements was 50.7 billion HK
dollars (6.54 billion U.S. dollars), up 52.5 percent from September
and 133.2 percent from October 2006.
Using a 12-month moving average, October's figure represents a
4.6 percent rise from September, and 35.2 percent from October
2006.
Of the agreements, 11,271 are for residential units, up 28.8
percent from September and 77.9 percent from October 2006.
The total consideration of residential sales agreements was 43.
8 billion HK dollars (5.65 billion U.S. dollars), up 81.9 percent
from September and 141.5 percent from October 2006.
(Xinhua News Agency November 3, 2007)
