The Land Registry received 6,013 sale and purchase agreements for all types of building units in June - an increase of 18.1% over May, but a decrease of 27.7% compared with the same month a year earlier.

Using a 12-month moving average, the June figure represented a decrease of 3% from May and 20.5% compared with June 2002.

In total, the June agreements were worth $11.5 billion, up 22.5% over May but down 39.6% compared with the year-earlier period.

The Land Registry today released its monthly statistics on deeds relating to property transactions received for registration in the Urban and New Territories Land Registries in June.

Relevant statistics for May 2003 and June 2002 are provided for comparison. Figures on sale and purchase agreements received for the past 12 months and the year-on-year rate of change were also released.

These statistics generally relate to land transactions executed up to four weeks prior to their submission for registration, as there is usually a time lag between the execution of deeds and their lodgement for registration.