34pc rise in industrial property sales

Sales of industrial properties in Hong Kong surged in March with a 34 per cent month-on-month increase to 887 deals, according to data compiled by property agent Ricacorp Properties. The figure compared with 644 transactions in February. The total value of last month's transactions involving industrial properties increased 27 per cent month on month to HK$3.3 billion, the property agent said. March's figure better reflected market activity in February because of the two-week to four-week time lag between transactions and registrations.