HONG KONG – The Land Registry of Hong Kong logged 7,229 sale and purchase agreements for all building units received for registration in April, up 8.5 percent compared with March and down 26.8 percent year-on-year.

The total consideration for such agreements in April rose 9.8 percent from the previous month to HK$50.1 billion, representing a 40.3 percent year-on-year decrease, according to the government.

Of the agreements, 5,694 were for residential units, amounting to a 6.1 percent increase from March and a 33.4 percent drop from a year ago.

The total consideration for residential units was HK$42.2 billion, up 8.7 percent compared with March and 45.5 percent lower year-on-year.

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Statistics on sales of residential units do not include sale and purchase agreements relating to sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme, the Tenants Purchase Scheme, etc, unless the premium of the unit concerned has been paid after the sale restriction period.