HONG KONG – Property sales in Hong Kong rose 51.2 percent in the first half of this year compared with the second half of 2023, according to the city’s Land Registry.

The registry recorded 35,089 sale and purchase agreements for all building units received for registration during the first six months of 2024, up 0.8 percent year-on-year.

There were 2,170,566 land register searches in the first half of the year

The total consideration for such agreements rose 52.1 percent from the second half of last year, to HK$280.93 billion ($35.98 billion), while a 4.2 percent year-on-year decrease was recorded.

The number of assignments of building units from January to June reached 35,425, down 6.2 percent compared with the second half of 2023, and also down 27.2 percent year-on-year.

READ MORE: Hong Kong sees 57.2% jump in property sales

The total consideration for these assignments for the first six months of the year was HK$213.74 billion, down 20.3 percent from the last six months of 2022 and also 33.5 percent lower year-on-year.

There were 2,170,566 land register searches in the first half of the year.