Commercial and residential buildings are seen in Hong Kong on Sept 15, 2022. (PHOTO / AFP)

HONG KONG – The Land Registry of Hong Kong recorded 5,980 sale and purchase agreements for all building units received for registration in February, up 35.1 percent compared with January and 49.6 percent higher year-on-year.

The total consideration for such agreements rose 34.8 percent from January to HK$43.8 billion in February, while a 21.5 percent year-on-year increase was recorded, according to data released by Land Registry on Thursday.

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Of the agreements, 4,282 were for residential units, up 40.3 percent from January and 47 percent higher than a year ago, it added.

The total consideration of residential units was HK$36.7 billion, a rise of 44.1 percent compared with January and up 24.4 percent from February last year.

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There were 427,167 land register searches last month.