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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

Visa facilitation measure extended

The Immigration Department has extended the facilitation measure that allows eligible non-permanent residents who are outside Hong Kong to apply for an extension of stay, to June 30, 2023.   Implemented on April 8, the facilitation measure is originally set to expire on December 31.   Now, eligible non-permanent residents who are admitted into Hong Kong under nine immigration policies or schemes, whose limit of stay will expire within four weeks but are presently outside Hong Kong, may apply for an extension of stay before June 30, 2023 under the measure.   For enquiries, call 2824 6111, send a fax to 2877 7711 or send an email.
http://dlvr.it/Sf7myc

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