Land Registry Reports August 2024: Sale Agreements Down 10.1% from July, Up 1.5% Year-on-Year.

Land Registry releases statistics for August

The Land Registry today (September 3) released its statistics for August 2024.

Land registration

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* The number of sale and purchase agreements for all building units received for registration in August was 4 729 (-10.1 per cent compared with July 2024 but +1.5 per cent compared with August 2023)

* The 12-month moving average for August was 4 934 (0.1 per cent above the 12-month moving average for July 2024 but 2.1 per cent below that for August 2023)

* The total consideration for sale and purchase agreements of building units in August was $34.3 billion (-19.6 per cent compared with July 2024 and -1.6 per cent compared with August 2023)

* Among the sale and purchase agreements, 3 654 were for residential units (-1.9 per cent compared with July 2024 but +12.5 per cent compared with August 2023)

* The total consideration for sale and purchase agreements in respect of residential units was $28.5 billion (-20.2 per cent compared with July 2024 and -0.6 per cent compared with August 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 August was 396 458 (+0.1 per cent compared with July 2024 but -11.7 per cent compared with August 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

Correctional officers stop assault on person in custody

​Correctional Officers stopped four remand persons in custody assaulting another remand person in custody at Lai Chi Kok Reception Centre today (September 15).

At 9.37am today, four male remand persons in custody aged from 38 to 47 assaulted a 50-year-old male remand person in custody inside a dayroom. Officers at the scene immediately stopped the assailants and called for reinforcement.

During the incident, the victim sustained injuries to his head, chest and arm and was referred to a public hospital for further treatment after receiving examination and treatment at the institution hospital. The assailants did not sustain any injuries.

The case has been reported to the Police for investigation.

The five persons in custody were respectively remanded for the offences of trafficking in a dangerous drug, theft, burglary, etc.

Source: AI-generated images