Flat sales down 15.9% in January 2011

The number of sale and purchase agreements for all building units received for registration in January was 9,917.

According to the Hong Kong Information Services Department, the total consideration of sale and purchase agreements was $59.1 billion, up 10.6% on December and 32.1% on January last year.

Of the agreements, 8,002 were for residential units, down 14.2% on December and 24.9% on January last year.

The total consideration for sale and purchase agreements in respect of residential units was $33.3 billion, down 16.5% on December and 7.8% on January last year.

The 12-month moving average for January was 13,356, which was 1.5% below the 12-month moving average for December, but 14% above that for January last year.

The number of searches of land registers made by the public was 502,271, up 10.5% compared with December and 1.7% on January last year.