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Land Registry Reports Surge in October 2024 Property Transactions and Searches

HK

Land Registry Reports Surge in October 2024 Property Transactions and Searches
HK

HK

Land Registry Reports Surge in October 2024 Property Transactions and Searches

2024-11-04 15:00 Last Updated At:15:08

Land Registry releases statistics for October

The Land Registry today (November 4) released its statistics for October 2024.

Land registration

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* The number of sale and purchase agreements for all building units received for registration in October was 5 857 (+52.4 per cent compared with September 2024 and +99.4 per cent compared with October 2023)

* The 12-month moving average for October was 5 173 (4.9 per cent above the 12-month moving average for September 2024 and 7.0 per cent above that for October 2023)

* The total consideration for sale and purchase agreements of building units in October was $41.7 billion (+50.6 per cent compared with September 2024 and +43.6 per cent compared with October 2023)

* Among the sale and purchase agreements, 4 697 were for residential units (+64.9 per cent compared with September 2024 and +121.2 per cent compared with October 2023)

* The total consideration for sale and purchase agreements in respect of residential units was $37.3 billion (+78.9 per cent compared with September 2024 and +52.2 per cent compared with October 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 October was 394 484 (+11.1 per cent compared with September 2024 and +7.9 per cent compared with October 2023)

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

Next Article

Hong Kong Cinema Shines at London East Asia Film Festival with Premieres and Awards

2024-11-04 23:59 Last Updated At:11-05 00:48

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024

The Hong Kong Economic and Trade Office, London (London ETO), the Film Development Fund, and the Cultural and Creative Industries Development Agency under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region supported the London East Asia Film Festival (LEAFF) from October 23 to November 3 (London time), which showcased six selected Hong Kong films and hosted three live question and answer sessions with creative talent from Hong Kong. A reception was held following the closing gala screening, bringing together creative talent from Hong Kong and over 50 guests from the local cultural and business sectors.

The Director-General of the London ETO, Mr Gilford Law, addressed the audience at the closing gala ceremony. "The London ETO is proud to partner with LEAFF for the ninth time to shine a spotlight on Hong Kong cinema. Known as the 'Hollywood of the East', Hong Kong boasts a vibrant community of creative and ambitious talent which shares the vision of establishing Hong Kong as an East-meets-West centre for international cultural exchanges, as supported by the National 14th Five-Year Plan," he said.

Four creative talents from Hong Kong graced the festivities, with actor Simon Yam and actress Sandra Ng receiving the Lifetime Achievement Award and Honorary Award respectively. Director Vincent Chow joined Mr Yam for a Q&A session on November 3, while Ms Ng participated in her own Q&A session on November 2. Director and screenwriter Felix Chong also talked about directing and screenwriting in East Asia during a Q&A session on October 24. Further highlighting Hong Kong's cinematic achievements, "Love Lies" was awarded the Best Film in Competition.

The 11-day festival featured the world premiere of "Little Red Sweet", along with the United Kingdom premieres of "Out of the Shadow", "High Forces" and "Love Lies", as well as "Stuntman" and "Shanghai Blues".

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024  Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024 Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024  Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024 Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024  Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024 Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024  Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024 Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024  Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024 Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024  Source: HKSAR Government Press Releases

London ETO celebrates Hong Kong's cinematic brilliance at London East Asia Film Festival 2024 Source: HKSAR Government Press Releases

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