Hong Kong’s Land Registry recorded 6,661 sale and purchase agreements for all building units received for registration in March, up 54.7 percent from February, and a surge of 32.9 percent year-on-year.

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The total consideration for such agreements rose 61.4 percent from February to HK$45.6 billion ($5.86 billion) in March, and a 22.1 percent year-on-year increase was recorded.

Of the agreements, 5,367 were for residential units, up 67.7 percent from February. It is 35.2 percent higher than a year ago.

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The total consideration of residential units was HK$38.8 billion, an increase of 68.7 percent compared with February and up 29.1 percent from March last year.