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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

SJ to visit BJ

 Secretary for Justice Teresa Cheng will visit Beijing from July 27 to 30.   In Beijing, she will meet officials from various ministries and authorities and sign co-operation arrangements to enhance training and exchanges between the Mainland and Hong Kong on legal, dispute resolution and deal-making services.   Ms Cheng will travel to Beijing from Shenzhen tomorrow and return to Hong Kong via Shenzhen on July 31.
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