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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

Social distancing rules kept

The Government today announced that social distancing measures currently in place will be extended until June 23.   The requirements and restrictions applicable to catering businesses and scheduled premises, as well as the requirements for group gatherings and mask wearing will be maintained.   Noting that local cases with the N501Y mutant strain have been recorded recently and the source of infection has yet to be identified, the Food & Health Bureau said it is not appropriate to relax social distancing measures at the moment.   The bureau added that in the face of the challenges posed by mutant strains, there is a pressing need to get vaccinated.   Taking into account the epidemic development, the Government will continue to adjust social distancing measures under the vaccine bubble principle.   In addition to the protection received, people who have completed the vaccination course would also be subject to more lenient requirements under the various social distancing measures.
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