The Land Registry of Hong Kong recorded 7,190 sale and purchase agreements for all building units received for registration in October, up 4.7 percent compared with September and an increase of 22.8 percent year-on-year, according to official data.

The total consideration for such agreements in October rose 8.3 percent from the previous month to HK$57.9 billion ($7.45 billion), representing a 39 percent year-on-year increase, data released on Tuesday showed.

Of the agreements, 5,714 were for residential units, or a 1.3 percent rise from September and an increase of 21.7 percent from a year ago.

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The total consideration for residential units was HK$51.1 billion, up 8.1 percent compared with September and 37 percent higher year-on-year.

The number of searches of land registers made by the public in October reached 392,302, down 2.2 percent from September and a decrease of 0.6 percent compared with October 2024.