The Land Registry recorded 7,223 sale and purchase agreements for all building units in January, up 0.9% on December and up 38.4% year-on-year.

The total consideration for sale and purchase agreements in January was $68.5 billion, down 21% on December and up 73.6% on a year ago.

Of the sale and purchase agreements, 5,270 were for residential units, down 1.3% on the previous month and up 60.4% year-on-year.

The total consideration for residential units was $49.8 billion, down 4.1% compared with December and up 81.5% year-on-year.

The public made 476,539 land register searches during the month.