HONG KONG – The Land Registry of Hong Kong has registered 3,843 sale and purchase agreements for all building units received for registration in September, down 18.7 percent compared with August and down 1.3 percent year-on-year.

The total consideration for such agreements in September dropped 19.4 percent from August, to HK$27.7 billion, representing a 7.1 percent year-on-year reduction, according to the latest statistics released by the Land Registry on Thursday.

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Of the agreements signed in September, 2,848 were for residential units, marking a 22.1 percent fall from August and a 0.5 percent decrease from a year ago.

The total consideration for residential units was HK$20.8 billion, down 26.8 percent compared with August and down 8.5 percent year-on-year.

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There were 355,009 land register searches last month, which marks 10.5 percent decrease compared with the previous month, but 7 percent increase year-on-year.

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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.