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THURSDAY, JULY 18, 1991
5
SALE AND PURCHASE AGREEMENTS OF FLATS FOR FIRST HALF OF 1991
THE TOTAL NUMBER OF SALE AND PURCHASE AGREEMENTS OF FLATS, THE GREAT MAJORITY OF THEM IN UNCOMPLETED BUILDINGS, REGISTERED IN THE LAND OFFICE INCREASED BY 40.2 PER CENT COMPARED WITH THE FIRST HALF OF 1990 AND BY 22.1 PER CENT COMPARED WITH THE SECOND HALF OF 1990.
THE REGISTRAR GENERAL, MR NOEL GLEESON, SAID THIS TODAY (THURSDAY) WHEN REPORTING ON HIS DEPARTMENT'S FIGURES (INCLUDING THE NEW TERRITORIES) FOR THE FIRST HALF OF 1991.
THE LARGE INCREASE WAS MAINLY DUE TO THE COMING ON STREAM OF SEVERAL LARGE RESIDENTIAL DEVELOPMENTS INCLUDING LAGUNA CITY IN KWUN TONG, SCENEWAY GARDEN IN LEI YUE MUN ROAD, SOUTH HORIZON IN AP LEI CHAU, HONG KONG GARDEN IN TSING LUNG TAU AND BELVEDERE GARDEN IN TING KAU.
IN ALL, 82,962 SUCH AGREEMENTS WERE FIRST HALF OF 1991.
REGISTERED DURING THE
THE TOTAL AMOUNT OF THE CONSIDERATIONS IN THESE AGREEMENTS INCREASED BY 92.4 PER CENT FROM $62.17 BILLION IN THE FIRST HALF OF 1990 AND BY 44.7 PER CENT FROM $82.69 BILLION IN THE SECOND HALF OF 1990 TO $119.62 BILLION IN THE CURRENT HALF YEAR.
DURING THE FIRST HALF OF 1991, 82,604 ASSIGNMENTS OF UNITS IN COMPLETED BUILDINGS, THE MAJORITY RESIDENTIAL, WERE REGISTERED, COMPARED WITH 84,463 AND 81, 891 RESPECTIVELY DURING THE FIRST AND SECOND HALVES OF 1990, SHOWING A DECREASE OF 2.2 PER CENT AND AN INCREASE OF 0.9 PER CENT RESPECTIVELY.
THE TOTAI. AMOUNT OF CONSIDERATIONS IN ASSIGNMENTS OF FLATS INCREASED BY 14.0 PER CENT FROM $78.62 BILLION IN THE FIRST HALF OF 1990 AND BY 11.2 PER CENT FROM $80.58 BILLION IN THE SECOND HALF OF 1990 TO $89.63 BILLION.
A TOTAL OF 5,594 ASSIGNMENTS OF FLATS WERE COMPLETED BY THE REGISTRAR GENERAL'S. DEPARTMENT ON BEHALF OF THE HOUSING AUTHORITY
WITH UNDER THE GOVERNMENT HOME OWNERSHIP SCHEME, COMPARED 5,474 IN THE FIRST AND SECOND HALVES OF 1990 RESPECTIVELY.
4,372
AND
THERE WERE 2,846 ASSIGNMENTS OF LOTS AND SECTIONS. THIS WAS 19.1 PER CENT AND 9.6 PER CENT MORE THAN IN THE FIRST AND SECOND HALVES OF 1990 RESPECTIVELY.
THE TOTAL AMOUNT OF THE CONSIDERATIONS IN THESE ASSIGNMENTS DECREASED BY 1.3 PER CENT FROM $17.48 BILLION IN THE FIRST HALF OF 1990 BUT INCREASED BY 74.5 PER CENT FROM $9.89 BILLION IN THE SECOND HALF OF 1990 TO $17.25 BILLION.
SEVENTY-EIGHT BUILDING MORTGAGES AND 101,172 OTHER MORTGAGES WITH 82 AND WERE REGISTERED DURING THE FIRST HALF OF 1991, COMPARED 95,382 RESPECTIVELY IN THE FIRST
AND 1990 AND 73
90,501 RESPECTIVELY IN THE SECOND HALF OF 1990.
HALF
OF
/THE TOTAL