The Land Registry logged 8,692 sale and purchase agreements received for registration for all building units in April, a rise of 12.3% compared with March and up 20.2% year on year.

The total consideration for building unit sale and purchase agreements in April increased 17% from the previous month to 72.9 billion, representing a 45.5% year-on-year increase.

A total of 7,368 agreements were for residential units, up 16.7% from the previous month and up 29.4% from a year ago.

The total consideration for residential units was $63.7 billion, an increase of 15.4% compared with the previous month and a rise of 50.9% year on year.

There were 419,404 land register searches last month.