Hong Kong authorities logged 7,271 sale and purchase agreements for all building units received for registration in June, up 12.9 percent compared with the previous month and 38.6 percent higher year-on-year, official data shows.

The total consideration for such agreements in June rose 33.2 percent from the previous month to HK$66.4 billion, representing a 61.6 percent year-on-year increase, according to statistics released by the Land Registry.

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Of the agreements, 5,955 were for residential units, amounting to a 16.7 percent increase from May and a 54.4 percent hike from a year ago.

The total consideration for residential units was HK$61.1 billion, up 59.7 percent compared with May and 77 percent higher year-on-year.

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The number of searches of land registers made by the public in June was 409,789, up 1.5 percent compared with the previous month and rose 14.8 percent compared with June last year.