The Land Registry of Hong Kong recorded 7,212 sale and purchase agreements for all building units received for registration in July, up 37.1 percent year-on-year and down 0.8 percent compared with June.

The total consideration for such agreements in July increased 28 percent to HK$54.6 billion ($6.96 billion) compared with July 2024, with a 17.8 percent month-on-month decrease recorded, according to a government statement released on Monday.

Of the agreements, 5,766 were for residential units, representing a 54.9 percent rise from a year ago and a 3.2 percent drop compared with the previous month.

The total consideration for the agreements for residential units was HK$46.4 billion, up 29.9 percent from July last year and 24.1 percent lower than a month ago.

Statistics on sales of residential units do not include sale and purchase agreements relating to sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme, the Tenants Purchase Scheme, etc, unless the premium of the unit concerned has been paid after the sale restriction period.

READ MORE: Property sales in Hong Kong up 32.9% YoY in March

Meanwhile, the number of searches of land registers made by the public in July was 423,893, posting a 3.4 percent increase compared with June 2025 and a 7.0 percent year-on-year rise.