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.