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Saturday, Sep 19, 2020

The Land Registry released its statistics for September 2019

Land registration
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* The number of sale and purchase agreements for all building units received for registration in September was 4,090 (-20.7 per cent compared with August 2019 and -14.8 per cent compared with September 2018)

* The 12-month moving average for September was 5,957 (1.0 per cent below the 12-month moving average for August 2019 and 19.4 per cent below that for September 2018)

* The total consideration for sale and purchase agreements in September was $36.4 billion (-14.2 per cent compared with August 2019 and -20.0 per cent compared with September 2018)

* Among the sale and purchase agreements, 3,447 were for residential units (-15.6 per cent compared with August 2019 and -1.5 per cent compared with September 2018)

* The total consideration for sale and purchase agreements in respect of residential units was $27.7 billion (-24.4 per cent compared with August 2019 and -25.4 per cent compared with September 2018)

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 and the Tenants Purchase Scheme 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 September was 412,646 (-1.9 per cent compared with August 2019 but +8.4 per cent compared with September 2018)
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