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MONDAY, FEBRUARY 6, 1984
THE TOTAL VALUE OF CONSIDERATIONS IN ASSIGNMENTS OF LOTS AND SECTIONS DECLINED BY 33.7 PER CENT FROM $7.217 BILLION IN 1982 TO $4.782 BILLION LAST YEAR, WHILE THAT FOR THE ASSIGNMENT OF FLATS DROPPED BY 24 PER CENT FROM $31.545 BILLION TO $23.956 BILLION.
THE TOTAL AMOUNT SECURED UNDER BUILDING MORTGAGES REGISTERED DURING THE YEAR FELL BY 59 PER CENT, FROM $1.483 BILLION TO $608 MILLION.
THE AMOUNT UNDER MORTGAGES OTHER THAN BUILDING MORTGAGES INCREASED BY 6.5 PER CENT, FROM $38.148 BILLION TO $40.615 BILLION.
REPAYMENTS UNDER MORTGAGES OF ALL KINDS, AS EVIDENCED BY REASSIGNMENTS AND CERTIFICATES OF SATISFACTION, WERE DOWN BY 41.7 PER CENT, FROM $21.011 BILLION IN 1982 TO $12.255 BILLION IN 1983.
BUT THE REGISTRAR GENERAL, MR NOEL GLEESON, CAUTIONED THAT THE VARIOUS FIGURES CITED DID NOT INCLUDE TRANSACTIONS IN THE NEW TERRITORIES AND THUS DID NOT COVER THE TOTAL PROPERTY MARKET.
OF THE EIGHT NT DISTRICT LAND REGISTRIES, ONLY THREE HAVE BEEN TAKEN OVER BY THE REGISTRAR GENERAL'S DEPARTMENT. IT IS INTENDED THAT THE DEPARTMENT WILL TAKE OVER THE REST BY STAGES.
SIGNIFICANT GOVERNMENT LAND TRANSACTIONS COMPLETED DURING
THE YEAR INCLUDED THE FOLLOWING &
* THE GRANT OF THE CITY GARDEN SITE IN ELECTRIC ROAD TO
HONG KONG ELECTRIC THROUGH LAND EXCHANGE WITH A PREMIUM OF $108.225 MILLION.
*
*
*
THE SALE OF A 15-HECTARE SITE AT TUEN MUN TO BAYNARD LIMITED AT A PREMIUM OF $8.5 MILLION FOR YACHT CLUB AND RESIDENTIAL PURPOSES.
THE SALE BY CASH TENDER TO TRIPROFIT ENTERPRISES OF A 45 480-SQUARE METRE SITE AT KOWLOON BAY FOR NON-INDUSTRIAL PURPOSES AND 6 000 FLATS UNDER THE PRIVATE-SECTOR PARTICIPATION SCHEME FOR $509.288 MILLION.
A PREMIUM-FREE GRANT BY PRIVATE TREATY OF A SITE IN KWUN TONG FOR THE CONSTRUCTION OF A CLOTHING INDUSTRIAL TRAINING CENTRE.
* THE GRANT BY PRIVATE TREATY OF 11 HECTARES AT MAI PO
MARSHES TO THE WILD LIFE FUND HONG KONG FOR THE ESTABLISHMENT OF A WILD LIFE CENTRE AT A NOMINAL FEE OF $1 A YEAR.
* THE GRANT OF FIVE LOTS TO THE HOUSING AUTHORITY UNDER
THE HOME OWNERSHIP SCHEME FOR THE DEVELOPMENT OF 7 000 RESIDENTIAL FLATS.
/THE NUMBER