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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

Welfare cases dip 0.4%

The overall Comprehensive Social Security Assistance caseload dropped to 221,481 in June, down 0.4% from May, the Social Welfare Department announced today.   Low-earnings cases registered a month-to-month decrease of 1.4% to 2,337 cases, while old age cases were down 0.5% to 126,786. Single parent cases dipped 0.2% to 24,834, while permanent disability cases slightly decreased by 0.1% to 17,478 cases.   Unemployment cases fell by 1.1% to 19,461 cases. The figure is an increase of 54.6% compared with January 2020 when Hong Kong just started to fight the COVID-19 pandemic.   The average number of applications for unemployment cases in April to June was 651 per month, down 15.8% from the March to May number or a decrease of 75.4% from the April to June 2020 figure.   Ill-health cases rose 0.5% to 26,580.
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