WEDNESDAY, JULY 28, 1993
LAND REGISTRY STATISTICS FOR THE FIRST HALF OF 1993
THE LAND REGISTRY REGISTERED 62,791 SALES AND PURCHASE AGREEMENTS OF BUILDING UNITS DURING THE FIRST SIX MONTHS OF THIS YEAR.
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THE FIGURE REPRESENTED AN INCREASE OF 4.1 PER CENT WHEN COMPARED WITH THAT OF THE PRECEDING SIX MONTHS BUT A DECREASE OF 16.2 PER CENT WHEN COMPARED WITH THE FIGURE FOR THE CORRESPONDING PERIOD OF LAST YEAR.
THE TOTAL AMOUNT OF THE CONSIDERATIONS INVOLVED IN THESE AGREEMENTS WAS $157.86 BILLION, WHICH WAS UP BY ONE PER CENT WHEN COMPARED WITH THE FIGURE OF THE SECOND HALF OF 1992, BUT DOWN BY 5.1 PER CENT WHEN COMPARED WITH THAT OF FIRST HALF OF LAST YEAR.
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DURING THE FIRST SIX MONTHS OF 1993, 62,338 ASSIGNMENTS BUILDING UNITS, THE MAJORITY BEING RESIDENTIAL, WERE SUBMITTED FOR REGISTRATION.
WHEN COMPARED WITH 83,822 AND 74,098 RECORDED DURING THE SECOND AND FIRST HALVES OF 1992, THE FIGURE SHOWED A DECREASE OF 25.6 PER CENT AND OF 15.9 PER CENT RESPECTIVELY.
THE AMOUNT OF CONSIDERATIONS INVOLVED, TOTALLING $130.41 BILLION, ALSO INDICATES DECREASES WHEN COMPARED WITH THE TWO PRECEDING SIX-MONTH PERIOD.
THE TOTAL AMOUNT SECURED UNDER MORTGAGES (OTHER THAN BUILDING MORTGAGES) WAS $48.30 BILLION, SHOWING AN INCREASE OF 21.9 PER CENT WHEN COMPARED WITH THE FIGURE OF THE SECOND HALF OF 1992 BUT A DECREASE OF 1.2 PER CENT COMPARED WITH THAT OF THE FIRST SIX MONTHS OF LAST YEAR.
SEARCHES OF LAND RECORDS MADE BY MEMBERS OF THE PUBLIC DURING THE FIRST SIX MONTHS OF 1993 TOTALLED 1,570,300, UP BX 3.2 PER CENT WHEN COMPARED WITH THE FIGURE OF THE PRECEDING PERIOD BUT DOWN BY 6.8 PER CENT WHEN COMPARED WITH THAT OF THE FIRST HALF OF 1992.
THE TOTAL NUMBER OF PROPERTY OWNERS ROSE BY 2.4 PER CENT FROM 1,469,604 IN JUNE 1992 TO 1,505,003 IN DECEMBER 1992 AND AGAIN BY 1.8 PER CENT TO 1,532,459 IN JUNE 1993.
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