HONG KONG – Hong Kong’s Land Registry logged 5,510 sale and purchase agreements for all building units received for registration in December, up 46.4 percent year-on-year, according to government data released on Friday.

The sales figure also marked a 28.3-percent drop when compared with that in the previous month.

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The total consideration for such agreements last month fell 33.3 percent from November to HK$42.8 billion, representing a 27.4 percent year-on-year growth, showed the Land Registry data.

Of the agreements, 4,103 were for residential units, amounting to a 34.9 percent decrease from November and a 40.1 percent increase from a year ago.

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The total consideration for residential units in December was HK$32.6 billion, down 43.1 percent from the previous month and up 33.9 percent year-on-year, the data showed.

There were 326,943 land register searches last month.