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Northbound car travel scheme refined

The Transport Department today announced a refinement to the vehicle inspection arrangement for applications concerning Northbound Travel for Hong Kong Vehicles.   As agreed by Guangdong and Hong Kong authorities, from March 1, vehicle inspections will be exempted if the applicant and the vehicle remain unchanged when resubmitting applications for Northbound Travel for Hong Kong Vehicles within two years of passing the vehicle inspection and within the validity of the applicant’s electronic vehicle licence from Mainland authorities.   Currently, applicants for the travel scheme are required to conduct vehicle inspections at designated locations in Hong Kong. http://dlvr.it/T3SSfq

Property sales down 16.5%

The Land Registry recorded 3,893 sale and purchase agreements for all building units received for registration in September, down 16.5% compared with August and 19.5% lower year-on-year.

 

The total consideration for such agreements fell 14.7% from August to $29.8 billion in September, while a 14.4% year-on-year decrease was recorded.

 

Of the agreements, 2,862 were for residential units, down 11.9% from August and 26.1% lower than a year ago.

 

The total consideration for residential units was $22.8 billion, a drop of 20.5% compared with August 2023 and down 21.7% from September last year.

 

There were 331,931 land register searches last month.


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