Land registration statistics for first half of 2024 show surge in sales and purchases, but decrease in assignments and land searches
The Land Registry today (July 4) released its statistics for the first half of 2024.
Land registration
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* The number of sale and purchase agreements for all building units received for registration for the first half of 2024 was 35 089 (+51.2 per cent compared with the second half of 2023 and +0.8 per cent compared with the first half of 2023).
* The total consideration for these agreements for the first half of 2024 was $280.93 billion (+52.1 per cent compared with the second half of 2023 but -4.2 per cent compared with the first half of 2023).
* The number of assignments of building units for the first half of 2024 was 35 425 (-6.2 per cent compared with the second half of 2023 and -27.2 per cent compared with the first half of 2023).
* The total consideration for these assignments for the first half of 2024 was $213.74 billion (-20.3 per cent compared with the second half of 2023 and -33.5 per cent compared with the first half of 2023).
Land search
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* The number of searches of land registers made by the public for the first half of 2024 was 2 170 566 (-2.9 per cent compared with the second half of 2023 and -7.6 per cent compared with the first half of 2023).