Property sales plunge 15.2% MoM in January

Residential units made up 5,669 agreements, down 3.6%.

The Land Registry recorded 7,631 sale and purchase agreements for registration for all building units in January, down 15.2% from December 2025 but up 54.5% from the same month a year earlier.

The total value of these agreements dropped 12% from the previous month to $57.2b, though it was 55.8% higher than in January 2025.

Residential units accounted for 5,669 agreements, a 3.6% decline from December but a 56.3% increase from a year earlier.

The total value of residential transactions fell 3.9% month-on-month to $49.2b, rising 84.1% compared with January 2025.

A total of 426,296 land register searches were carried out last month.