WEDNESDAY, JULY 22, 1987
'HIGH' PROPERTY MARKET ACTIVITIES RECORDED
* * * * *
THE
THE NUMBER OF SALE AND PURCHASE AGREEMENTS OF FLATS IN URBAN AREA, THE GREAT MAJORITY OF THEM IN UNCOMPLETED BUILDINGS, REGISTERED IN THE LAND OFFICE INCREASED BY 34.8 PER CENT AND DROPPED BY 9.8 PER CENT RESPECTIVELY COMPARED WITH THE FIRST AND SECOND HALVES OF 1986.
REPORTING TODAY (WEDNESDAY) ON HIS DEPARTMENT'S FIGURES FOR PRIVATE SECTOR PROPERTY TRANSACTIONS IN THE URBAN AREA (HONG KONG ISLAND, KOWLOON AND NEW KOWLOON) DURING THE FIRST HALF OF 1987, THE REGISTRAR GENERAL, MR NOEL GLEESON, SAID THAT IN ALL 30,296 SUCH AGREEMENTS WERE REGISTERED DURING THE FIRST HALF OF 1987.
THE TOTAL AMOUNT OF THE CONSIDERATIONS IN THESE AGREEMENTS HAD INCREASED BY 58.8 PER CENT FROM $16.836 BILLION IN THE FIRST HALF AND BY 10.6 PER CENT FROM $24.179 BILLION IN THE SECOND HALF OF
1986 TO $26.731 BILLION.
DURING THE FIRST HALF OF 1987, 46,828 ASSIGNMENTS OF UNITS IN COMPLETED BUILDINGS, THE MAJORITY RESIDENTIAL, WERE REGISTERED, COMPARED WITH 35,025 AND 45,462 RESPECTIVELY DURING THE FIRST AND SECOND HALVES OF 1986, SHOWING INCREASES OF 33.7 PER CENT AND 3 PER CENT RESPECTIVELY.
THE TOTAL AMOUNT OF CONSIDERATIONS IN ASSIGNMENTS OF FLATS ALSO INCREASED BY 36.3 PER CENT FROM $21.271 BILLION IN THE FIRST HALF OF 1986 AND BY 19.7 PER CENT FROM $24.231 BILLION IN THE SECOND HALF ΤΟ $28.999 BILLION.
A TOTAL OF 3,425 ASSIGNMENTS OF FLATS WERE COMPLETED BY THE REGISTRAR GENERAL'S DEPARTMENT ON BEHALF OF THE HOUSING AUTHORITY UNDER THE GOVERNMENT HOME OWNERSHIP SCHEME, COMPARED WITH 4,511 AND 5,264 IN THE FIRST AND SECOND HALVES OF 1986 RESPECTIVELY, SHOWING CONTINUED GOOD PROGRESS IN THIS AREA.
THERE WERE 415 ASSIGNMENTS OF LOTS AND SECTIONS. THIS WAS 24.3 PER CENT AND 30.1 PER CENT MORE RESPECTIVELY THAN IN THE FIRST AND SECOND HAVLES OF 1986. THE TOTAL AMOUNT OF THE CONSIDERATIONS IN BILLION IN THESE ASSIGNMENTS DECREASED BY 70.3 PER CENT FROM $23.017 THE FIRST HALF OF 1986 AND INCREASED BY 34 PER CENT FROM $5.106 BILLION IN THE SECOND HALF TO $6.843 BILLION.
TWENTY-ONE BUILDING MORTGAGES AND 51,513 OTHER REGISTERED DURING THE FIRST HALF OF 1987, COMPARED WITH 29 AND RESPECTIVELY IN THE FIRST HALF AND COMPARED WITH 20 AND RESPECTIVELY IN THE SECOND HALF OF 1986.
MORTGAGES WERE
32,387
43,617
THE TOTAL