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More HZMB private car quotas set

The governments of Hong Kong and Macau have agreed to increase the regular quotas for Hong Kong cross-boundary non-commercial private cars using the Hong Kong-Zhuhai-Macao Bridge to Macau, the Transport Department announced today.   The decision was made to enhance traffic flow between Hong Kong and Macau, better utilising the bridge, the department said.   It will increase the Hong Kong quota by 1,000, following the earlier quota allocation of 1,800 for Hong Kong.   The additional quota will be distributed in two phases from the second quarter.   Half of the additional 1,000 quota allocations is for company applicants and the other half is for individual applicants. The quotas are valid for no more than three years. The eligibility criteria of quota applications remains the same.   Private cars allocated with Hong Kong quotas will be permitted to access the city of Macau multiple times using the bridge.   The Hong Kong quota allotments will be re-allocated upon expiry thro

Property sales dip 6%

The Land Registry recorded 7,400 sale and purchase agreements for all building units received for registration in September, down 6% from August but 12.4% higher year-on-year.   The total consideration for such agreements dipped 5.2% from August to $66.8 billion in August, but a 30.1% year-on-year increase was recorded.   Of the agreements, 5,844 were for residential units, up 5.4% from August and up 16.3% compared with a year ago.   The total consideration of residential units was $56.1 billion, a rise of 2.9% compared with August and an increase of 29.1% from September 2020.   There were 489,429 land register searches last month.
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