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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

Social distancing rules maintained

The Government today announced that it will maintain the social distancing measures currently in place for 14 days starting August 5.   The Food & Health Bureau noted that the Delta mutant strain ravaging the world has posed incredible challenges to local anti-epidemic efforts.   There is a need for Hong Kong to build up double barriers against COVID-19 by strengthening measures on preventing the importation of cases and enhancing the vaccination rate, the bureau noted.   The existing social distancing measures will be maintained for 14 days before significant progress can be achieved.   Meanwhile, taking into account the operational risk of catering businesses, especially the fact that customers do not wear a mask when consuming food or drinks within the premises, the Government will tighten the testing requirement for staff of catering businesses which adopt the Type B Mode of Operation within August.   The staff will be required to undergo more frequent testing, from the current requirement of testing once every 14 days to testing once every seven days.   Fully vaccinated staff will be regarded as having complied with the testing requirement.   Details will be announced in due course, the bureau added.
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