PROPERTY SALES DIP 10.4%
4-2-2025
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The Land Registry logged 4,938 sale and purchase agreements for all building units received for registration in January, down 10.4% compared with December 2024 and up 12.2% year-on-year.
The total consideration for such agreements in January dropped 14.2% from the previous month to $36.7 billion, representing a 9.1% year-on-year growth.
Of the agreements, 3,626 were for residential units, amounting to an 11.6% decrease from last December and a 4.3% rise from a year ago.
The total consideration for residential units was $26.7 billion, down 17.9% compared with December 2024 and 3.8% lower year-on-year.
There were 334,421 land register searches last month.
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