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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

Water taxi to set sail in July

The Transport Department announced today that the water taxi ferry service will operate on a trial basis from July 3, with a special departure on July 1 to celebrate the 24th anniversary of the establishment of the Hong Kong Special Administrative Region.   Service operator Fortune Ferry Company will launch a trial of the Hung Hom - Tsim Sha Tsui East - Central (Circular) short-working route service with operation on Saturday nights from July 3 onwards.   There will be one departure at 7.20pm on Saturdays from Hung Hom (South) Ferry Pier, with calling points at Tsim Sha Tsui Landing No. 1 on the waterfront beside the Avenue of Stars in Tsim Sha Tsui East and Central Pier No. 9.   Passengers can freely hop on and off at any calling point. The full journey time is approximately 70 minutes. They can enjoy the spectacular night scene of Victoria Harbour and the Symphony of Lights show during the journey.   To celebrate the 24th anniversary of the establishment of the Hong Kong SAR, there will be a special departure on July 1 from Hung Hom (South) Ferry Pier at 7.20pm.   The adult full fare of the route is $48 while the fares for each section are $10 (Hung Hom - Tsim Sha Tsui East) and $14 (Tsim Sha Tsui East - Central).   There will be a half-fare concession for children, the elderly and people with disabilities.
http://dlvr.it/S2RzP6

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