The Land Registry logged 6,462 sale and purchase agreements for all building units received for registration in August, down 10.4% compared with July and up 36.6% year-on-year.

The total consideration for such agreements in August dropped 12.5% from the previous month to $47.8 billion, representing a 39.2% year-on-year growth.

Of the agreements, 5,291 were for residential units, amounting to an 8.2% decrease from July and a 44.8% rise from a year ago.

The total consideration for residential units was $42.2 billion, down 8.9% compared with July and 48.2% higher year-on-year.

There were 388,762 land register searches last month.