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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

Govt respects HKU decision

Secretary for Education Kevin Yeung said today the Government respects the University of Hong Kong’s decision to deny all students who attended the HKU Students’ Union Council meeting on July 7 from accessing the campus.   At a media session after attending radio programmes, Mr Yeung made the response when he was asked if it is fair to those council members when they have not yet been arrested nor convicted.   He said: “The University of Hong Kong made the decision due to risk assessment and the control of exposure to unnecessary risks. It made the decision based on its internal procedures and own assessment. So we will respect its decision based on that.”
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