The Land Registry received 6,428 sale and purchase agreements for all building units for registration in March, up 28.6% on February and 0.2% over a year earlier.

The total consideration for such agreements surged 26.8% from February to $52.8 billion, representing a 4.6% year-on-year rise.

Of the agreements, 5,231 were for residential units in March. This was 27.9% higher than February and 22.7% over March 2018.

The total consideration for agreements involving residential units went up 27.1% from February to $45.9 billion. Comparing to the same period last year, the figure represented an 18.2% growth.

There were 465,994 land register searches last month.