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Property sales dip 27.5%

The Land Registry recorded 3,189 sale and purchase agreements for all building units received for registration in February, down 27.5% compared with January and 46.7% lower year-on-year.   The total consideration for such agreements in February fell 32.9% from January, to $22.6 billion, while a 48.5% year-on-year decrease was recorded.   Of the agreements, 2,375 were for residential units, down 31.7% from January and 44.5% lower than a year ago.   The total consideration for residential units was $19.1 billion, a decrease of 31.3% compared with January and down 47.9% year-on-year.   There were 276,910 land register searches last month. http://dlvr.it/T3ZqYl

Group gatherings exemption revised

The Government today gazetted the amendments to relevant regulations on prevention and control of disease to adjust the scope of exempted group gatherings under the vaccine bubble, which will take effect on June 24.   The amendments also provide the legal framework to implement the relevant infection prevention and control measures on cruises when “cruise-to-nowhere” itineraries are resumed.   Announced yesterday, the adjustments to the scope of exempted group gatherings under the Prevention & Control of Disease (Prohibition on Group Gathering) Regulation have been approved by the Executive Council today.   In addition, the Government announced in May that “cruise-to-nowhere” itineraries can resume from the end of July at the earliest when cruise companies strictly comply with a set of health control protocols.   To this end, the Prevention & Control of Disease (Requirements & Directions) (Business & Premises) Regulation was amended to incorporate cruise ships into the list of scheduled premises.   This would allow the Government to impose restrictions and requirements to the operational mode of cruise ships, including the relevant infection control measures.
http://dlvr.it/S2F5S3

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