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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

CE begins visit to Xi'an

Chief Executive Carrie Lam left Chongqing for Xi'an today and began her visit programme in Shaanxi Province.   After arriving in Xi'an, she met Shaanxi Governor Zhao Yide and attended a lunch he hosted.   Mrs Lam said she was pleased to visit Shaanxi for the first time as Chief Executive and congratulated Shaanxi on the successful hosting of the 14th National Games.   She expressed hope that Shaanxi would share its valuable experience, enabling the governments of the Hong Kong Special Administrative Region, Guangdong Province and the Macau SAR to do a good job in hosting the 15th National Games in 2025.   Noting that Shaanxi is a key link for the nation's Belt & Road Initiative with its rich cultural history, the Chief Executive said the two places can build on the close trade and economic ties to enhance collaboration to contribute to the initiative and promote arts and cultural exchanges between China and the rest of the world.   She added that the Hong Kong SAR Government had set up the Shaanxi Liaison Unit in 2017 to act as a bridge to boost co-operation between the two places.   Mrs Lam visited the Hong Kong track and field athletes participating in the 14th National Games at the athletes' village and exchanged views on sports development and training for athletes.   The Chief Executive said it was encouraging to have seen athletes striving for excellence with perseverance in the competitions and pointed out that she announced last month a series of measures to support sports development in Hong Kong and expressed hope that the athletes will continue their efforts in future competitions to bring glory home.   In the evening, Mrs Lam together with Macau Chief Executive Ho Iat-seng met General Administration of Sport of China Director Gou Zhongwen and attended a dinner hosted by him.   Mrs Lam congratulated the General Administration of Sport of China on the successful hosting of the 14th National Games and expressed gratitude for its support for Guangdong, Hong Kong and Macau jointly hosting the 15th National Games.   She hoped that the sports body would continue to provide guidance, adding that the Hong Kong SAR will get fully prepared for its participation in the hosting of the National Games.   The Chief Executive will attend the 14th National Games closing ceremony tomorrow in Xi'an, and participate in the games' flag handover ceremony together with Guangdong and Macau leaders.
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