The Land Registry logged 7,737 sale and purchase agreements received for registration for all building units in March, a drop of 2.4% compared with February but up 16.2% year on year.

The total consideration for building unit sale and purchase agreements in March increased 0.3% from the previous month to $62.3 billion. This figure represented a 36.5% year-on-year increase.

A total of 6,316 agreements were for residential units, down 5.3% from the previous month but up 17.7% from a year ago.

The total consideration for residential units was $55.2 billion, a decrease of 4.2% compared with the previous month but an increase of 42.2% year on year.

There were 452,057 land register searches last month.