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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

Dinner saga should conclude: CE

(To watch the full media session with sign language interpretation, click here.)   The three senior officials who breached the group gathering regulation after attending a dinner at a scheduled premise have discharged their responsibility by paying the relevant fines.   Chief Executive Carrie Lam made the statement before attending the Executive Council meeting this morning.   Mrs Lam said the officers concerned were issued fixed penalty tickets under Hong Kong Laws Cap 599G because they breached gathering rules.   However, they have paid the fines and hence have no more legal responsibility under the public health regulation, she said.   Mrs Lam also dismissed suggestions the officials concerned blatantly breached government regulations, saying there is no definition of what constitutes a lavish dinner.   The Chief Secretary and the Secretary for Security, who are the supervisors of these officials at various levels, held the same view, she noted.  
http://dlvr.it/S3cwN3

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