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Policy Address measures highlighted

Secretary for Commerce & Economic Development Edward Yau today briefed members of the Trade & Industry Advisory Board on initiatives related to commerce and trade in the 2021 Policy Address.   Mr Yau said the Policy Address focuses on integration into national development and states that the developments of Hong Kong and the nation are closely related.   While the nation is the major growth engine and driving force for the global economy, the 14th Five-Year Plan, the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the Qianhai plan, the economic development pattern of not only greater domestic circulation but also domestic and international dual circulation, as well as the Belt & Road Initiative have brought unlimited opportunities for enterprises and professional services providers in Hong Kong.   The city must seize these opportunities and leverage its advantages, Mr Yau noted.   During the meeting, the commerce chief stressed that Hong

Property sales up 19.9%

The Land Registry recorded 9,067 sale and purchase agreements for all building units received for registration in March, up 19.9% from February and 99.1% higher year-on-year.   The total consideration for such agreements rose 21.3% from February to $78 billion, representing a 117.9% year-on-year increase.   Of the agreements, 7,444 were for residential units in March, up 21.5% from February and 92.4% higher than a year ago.   The total consideration of residential units was $69.3 billion, a rise of 21.8% compared with February and up 118.4% from March 2020.   There were 541,242 land register searches last month.
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