The Land Registry of Hong Kong logged 8,999 sale and purchase agreements for all building units received for registration in December, up 26.4 percent from November and surging 63.3 percent year-on-year, according to official data released on Monday.   

The total consideration for such agreements in December rose 11.3 percent from the previous month to HK$65 billion ($8.34 billion), marking a 52 percent year-on-year increase, the government data showed.

Of the agreements, 5,883 were for residential units, an increase of 5.3 percent from November and 43.4 percent higher than a year ago.

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The total consideration for residential units was HK$51.2 billion, down 0.9 percent from November but up 57.3 percent from December 2024.

The number of searches of land registers made by the public in December was 377,908, down 2.0 percent compared with November but a 15.6 percent increase year-on-year.