The Land Registry logged 7,271 sale and purchase agreements for all building units in July, down 0.8% compared with June but 37.1% higher year on year.

The total consideration for such agreements in July dropped 17.8% from the previous month to $54.6 billion, with that figure marking a 28% year on year increase.

Of the agreements logged, 5,766 were for residential units, reflecting a 3.2% decrease from June and a 54.9% hike from a year ago.

The total consideration for residential units was $46.4 billion, down 24.1% compared with June and 29.9% higher year on year.

There were 423,893 searches of the land register last month.

(The source: news.gov.hk)