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The Land Registry today (April 4) released its statistics for March 2011.
Land registration
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* The number of sale and purchase agreements for all building units received for registration in March was 13,501 (+8.9% compared with February and +6.3% compared with March 2010)
* The 12-month moving average for March was 13,337 (0.5% above the 12-month moving average for February and 4.2% above that for March 2010)
* The total consideration of sale and purchase agreements in March was $69.4 billion (+26% compared with February and +19.4% compared with March 2010)
* Among the sale and purchase agreements, 10,456 were for residential units (+0.6% compared with February but -3.7% compared with March 2010)
* The total consideration for sale and purchase agreements in respect of residential units was $51.9 billion (+13.7% compared with February and +7.3% compared with March 2010)
Sales of residential units refer to sale and purchase agreements with payment of stamp duty. These statistics do not include the sale of units under the Home Ownership Scheme, the Private Sector Participation Scheme and the Tenants Purchase Scheme except those after payment of premium.
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 are also 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 March was 562,524 (+40.5% compared with February but -1.1% compared with March 2010)
The statistics cover searches made at the counter, through self-service terminals and the Integrated Registration Information System (IRIS) Online Services.
Ends/Monday, April 4, 2011
Issued at HKT 17:01
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