Land Registry July 2024 Statistics: Sales Up, Searches Increase

Land Registry releases statistics for July

​The Land Registry today (August 2) released its statistics for July 2024.

Land registration

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* The number of sale and purchase agreements for all building units received for registration in July was 5 262 (+0.3 per cent compared with June 2024 and +18.9 per cent compared with July 2023)

* The 12-month moving average for July was 4 928 (1.4 per cent above the 12-month moving average for June 2024 but 3.1 per cent below that for July 2023)

* The total consideration for sale and purchase agreements of building units in July was $42.7 billion (+3.8 per cent compared with June 2024 and +29.4 per cent compared with July 2023)

* Among the sale and purchase agreements, 3 723 were for residential units (-3.4 per cent compared with June 2024 but +21.5 per cent compared with July 2023)

* The total consideration for sale and purchase agreements in respect of residential units was $35.7 billion (+3.4 per cent compared with June 2024 and +34.2 per cent compared with July 2023)

Statistics on sales of residential units do not include sale and purchase agreements relating to sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme, the Tenants Purchase Scheme, etc, unless the premium of the unit concerned has been paid after the sale restriction period.

Figures on sale and purchase agreements received for the past 12 months, the year-on-year rate of change and breakdown figures on residential sales have also been released.

As deeds may not be lodged with the Land Registry until up to 30 days after the transaction, these statistics generally relate to land transactions in the previous month.

Land search

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* The number of searches of land registers made by the public in July was 396 209 (+11.0 per cent compared with June 2024 but -9.4 per cent compared with July 2023)

The statistics cover searches made at the counter, through the self-service terminals and via the Integrated Registration Information System Online Services.

Source: AI-generated images

Fatal traffic accident in Lantau South

Police are investigating a fatal traffic accident happened in Lantau South this afternoon (September 15) in which a woman died.

At around 3pm, a 31-year-old mainland woman was riding a bicycle along Keung Shan Road towards Tai O. When riding downslope, she reportedly lost her balance and fell at a bend, subsequently being run over by a coach driven by a 59-year-old man travelling in the opposite direction.

Sustaining serious head injuries, the woman was certified dead at scene.

The driver was arrested for dangerous driving causing death and is being detained for enquiries.

Investigation by the Special Investigation Team of Traffic, New Territories South is underway.

Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers on 3661 1346.

Source: AI-generated images