The Land Registry logged 7,229 sale and purchase agreements for all building units received for registration in April, up 8.5% compared with March and down 26.8% year-on-year.

The total consideration for such agreements in April rose 9.8% from the previous month to $50.1 billion, representing a 40.3% year-on-year decrease.

Of the agreements, 5,694 were for residential units, amounting to a 6.1% increase from March and a 33.4% drop from a year ago.

The total consideration for residential units was $42.2 billion, up 8.7% compared with March and 45.5% lower year-on-year.

There were 368,426 land register searches last month.