The Land Registry of Hong Kong recorded 8,537 sale and purchase agreements for all building units received for registration in May, down 1.8 percent compared to the previous month but up 32.5 percent year-on-year.

The total consideration for such agreements last month jumped 46.1 percent year-on-year to HK$72.8 billion ($9.28 billion), but was down 0.1 percent from April 2026.

The number of sale and purchase agreements for residential units reached 7,138, a decrease of 3.1 percent from April but 39.8 percent higher than last year.

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The total consideration for these agreements involving residential units was HK$65.6 billion, rising 3 percent compared to April and surging 71.5 percent year-on-year.  

Searches of land registers made by the public rose 11.5 percent year-on-year to 450,201 in May, which was also 7.3 percent higher than in the previous month.