Hong Kong authorities recorded 6,462 sale and purchase agreements for all building units received for registration in August, an increase of 36.6 percent year-on-year, according to official data.

The total consideration for these agreements in August rose 39.2 percent year-on-year to HK$47.8 billion ($6.12 billion), statistics from the Land Registry showed.

Of the total agreements, 5,291 were for residential units, down 8.2 percent from July but up 44.8 percent year-on-year.

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The total consideration for residential units amounted to HK$42.2 billion, a decrease of 8.9 percent from July but up 48.2 percent compared to the same period last year.

The number of land register searches conducted by the public in August stood at 388,762, representing a decrease of 8.3 percent from the previous month and 1.9 percent increase year-on-year.