A total of 5284 sale and purchase agreements in Hong Kong in May decreased by 33.5% compared with the same period last year.

Xinhua News Agency, June 2, Hong Kong Land Registry announced that the total number of property sale and purchase agreements in May was 5284, down 8.2% from the previous month and 33.5% from the same period last year. The total value of the contract was 44.6 billion Hong Kong dollars, down 30.1% from the previous month and 42.1% from the same period last year. Of this total, residential property sales accounted for 4003 contracts, down 12.7% from the previous month and 35.5% from the same period last year; the total value of the contract was HK $36.8 billion, down 29.8% from the previous month and 36.6% from the same period last year.