Hong Kong residential transactions down 4.9% in April

Hong Kong's Land Registry received 4,549 sale and purchase agreements for residential units in April, down 4.9 percent year-on-year but up 5.1 percent on March, it said here on Tuesday.

The total consideration for these agreements was 34.9 billion HK dollars (about 4.5 billion U.S. dollars), up 19.9 percent year- on-year and up 9.6 percent on March.

Including all other types of buildings, there were 6,223 agreements in April, 3.5 percent higher from a year ago, and 0.2 percent more than March.

The total consideration for all property sales in April was 44. 6 billion HK dollars, up 23.6 percent year-on-year but down 22.1 percent month-on-month.