Property Sales Dip 20.9%
The Land Registry recorded 7,875 sale and purchase agreements for all building units received for registration in August, down 20.9% from July but 46.1 % higher year-on-year.
The total consideration for such agreements dipped 25% from July to $70.4 billion in August, but a 54.5% year-on-year increase was recorded.
Of the agreements, 5,546 were for residential units, down 26.8% from July but up 27.3% compared with a year ago.
The total consideration of residential units was $54.5 billion, a drop of 30.7% compared with July and an increase of 35.5% from August 2020.
There were 517,073 land register searches last month.
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