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Hong Kong's property sales down 29 pct in August

Xinhua, September 2, 2015 Adjust font size:

Hong Kong's Land Registry recorded 5,197 sale and purchase agreements for all building units in August, down 29.2 percent on July and down 34.2 percent year-on- year, it said here on Wednesday.

The total consideration for sale and purchase agreements in August was 38.1 billion HK dollars (about 4.9 billion U.S. dollars) , down 31.2 percent on July and down 27.3 percent year-on-year.

Among the sale and purchase agreements, 3,896 were for residential units, down 27.8 percent on the previous month and down 37.3 percent compared with August, 2014.

The total consideration for residential units was 31.1 billion HK dollars, down 30.3 percent compared with July and 26.1 percent less than August, 2014. Endi