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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Probart who wrote (88468)	8/1/2002 11:44:18 PM
From: long-gone	Read Replies (1) of 116764

Thursday August 1, 11:38 pm Eastern Time Dow Jones Business News Hong Kong July Property Transaction Vol Seen Down 25% On Mo Centaline HONG KONG -(Dow Jones)- The number of property transactions in Hong Kong likely fell 25% in July to about 6,200 compared with the previous month, the lowest level since October 2001 , Centaline Property Agency said in its monthly report. There were 8,311 property transactions in Hong Kong in June. Centaline said Tuesday it expects July's transaction value to drop 16% to HK$ 16 billion from HK$19.04 billion in June. The private property agency based its forecast on data obtained from the Land Registry as of July 25 , when 5,044 transactions totaling HK$13.6 billion had been recorded. It said developers had slashed the number of new residential project releases during June's World Cup held in Japan and South Korea . July's decline can also be attributed to an active secondhand market during the March-May period as well as the numerous residential project releases during that time. Centaline expects July's number of transactions for firsthand properties to drop more than 50%, while secondhand property deals will also decline, albeit at a slower rate. The Land Registry usually issues monthly property figures, based on the total number of sales and purchase agreements received, in the first week of the following month. biz.yahoo.com

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