The Land Registry recorded 8,254 sale and purchase agreements for all building units for registration in June, up 19.9% from May and 32.9% higher year-on-year.

The total consideration for sale and purchase agreements rose 16.7% from May to $70.3 billion, representing a 30.6% year-on-year increase.

Of the agreements, 6,987 were for residential units in June, up 16.8% from May and a rise of 51% compared to a year ago.

The total consideration for residential units was $64.8 billion, up 22.8% compared with May and 42.9% higher than June 2019.

There were 477,140 land register searches last month.