The Land Registry recorded 4,866 sale and purchase agreements for all building units for registration in April, up 6.8% from March but 50.9% lower year-on-year.

The total consideration for such agreements rose 7.1% from March to $38.4 billion, representing a 55.9% year-on-year decline.

Of the agreements, 4,102 were for residential units in April, up 6% from March but 47.6% lower than the same month a year ago.

The total consideration for residential units was $33.7 billion, up 6.2% compared with March and 51.9% lower year-on-year.

There were 375,802 land register searches last month.