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Property transactions declines 8.2% MoM in May
Year-on-year (YoY), it went down 33.5%.
The Land Registry documented 5,284 sale and purchase agreements for all building units.
In a statement, the government said the total consideration for such deals fell 30.1% from April to $44.6b in May, whilst a 42.1% decrease was recorded.
Of the agreements, 4,003 were for residential units, down 12.7% from April and 35.5% lower than a year ago.
The total consideration of residential units was $36.8b down 29.8% compared with April and down 36.6% from May last year.
In May, there were 413,181 land register searches.
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