The Land Registry logged 6,661 sale and purchase agreements for all building units received for registration in March, up 54.7% compared with February and up 32.9% year-on-year.

The total consideration for such agreements in March rose 61.4% from the previous month to $45.6 billion, representing a 22.1% year-on-year growth.

Of the agreements, 5,367 were for residential units, amounting to a 67.7% increase from February and a 35.2% rise from a year ago.

The total consideration for residential units was $38.8 billion, up 68.7% compared with February and 29.1% higher year-on-year.

There were 393,010 land register searches last month.