The Land Registry logged 5,262 sale and purchase agreements for all building units received for registration in July, up 0.3% compared with June and 18.9% higher year-on-year.

The total consideration for such agreements in July rose 3.8% from June, to $42.7 billion, while a 29.4% year-on-year increase was recorded.

Of the agreements, 3,723 were for residential units, representing a 3.4% decrease from June but a 21.5% rise from a year ago.

The total consideration for residential units was $35.7 billion, up 3.4% compared with June and up 34.2% year-on-year.

There were 396,209 land register searches last month.

(The source: news.gov.hk)