The Land Registry logged 6,715 sale and purchase agreements received for registration for all building units in July, a decrease of 28.8% compared with June and down 6.9% year on year.

The total consideration for building unit sale and purchase agreements in July dropped 37.5% from the previous month to $51.7 billion, representing a 5.3% year-on-year decrease.

A total of 4,462 agreements were for residential units, down 41.7% from the previous month and down 22.6% from a year ago.

The total consideration for residential units was $41.9 billion, a decrease of 44.6% compared with the previous month and a drop of 9.6% year on year.

There were 1,466,737 land register searches last month.