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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

25th anniversary events to be held

Chief Executive-elect John Lee and senior government officials will attend a flag-raising ceremony tomorrow to celebrate the 25th anniversary of the Hong Kong Special Administrative Region's establishment.   The event will be held at Golden Bauhinia Square outside the Convention & Exhibition Centre in Wan Chai at 8am.   The Police Band will perform at the ceremony and two singers will sing the national anthem, followed by a fly-past and a sea parade by the disciplined services.   The celebrations of the 25th anniversary of Hong Kong's return to the motherland and the inaugural ceremony of the sixth-term Hong Kong SAR Government will then be held at the Grand Hall on Level 3 of the centre.   Police will designate Golden Bauhinia Square and the nearby area as a restricted zone. No public viewing area will be set up for the flag-raising ceremony.
http://dlvr.it/ST5hvS

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