The Land Registry recorded 9,067 sale and purchase agreements for all building units received for registration in March, up 19.9% from February and 99.1% higher year-on-year.

The total consideration for such agreements rose 21.3% from February to $78 billion, representing a 117.9% year-on-year increase.

Of the agreements, 7,444 were for residential units in March, up 21.5% from February and 92.4% higher than a year ago.

The total consideration of residential units was $69.3 billion, a rise of 21.8% compared with February and up 118.4% from March 2020.

There were 541,242 land register searches last month.