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7,495 agreements lodged with Land Registry in March
A total of 7,495 sale and purchase agreements for building units, which include both residential and non-residential properties, were lodged with the Land Registry last month.
The figure represents an increase of 85.7 per cent from that of February 1995, and a 43.4 per cent drop compared with March 1994.
The total consideration of these agreements is $20.4 billion, up 71.6 per cent and down 62 per cent as compared with the amounts for February 1995 and March 1994 respectively.
The figures are contained in the monthly statistics released today (Tuesday) by the Land Registry on deeds relating to property transactions received for registration in the Urban and New Territories Land Registries last month.
Relevant statistics for February 1995 and March 1994 were provided for comparison.
Figures on sale and purchase agreements received for the past 12 months and the year-on-year rate of change were also released.
The statistics generally relate to land transactions executed up to four weeks prior to their submission for registration, as there is usually a time lag between the execution of deeds and their lodgement for registration.
End/Tuesday, April 18, 1995
Index of industrial production for 1994
The index of industrial production for the whole year of 1994 decreased marginally by 0.1% over 1993, according to the results of a survey released today (Tuesday) by the Census and Statistics Department.
The industry group of electrical and electronic products, machinery, professional equipment and optical goods registered a moderate increase of 3.3%. Within this group, the production of machinery, equipment, apparatus, parts and components increased by 3.4%, while that of consumer electrical and electronic products increased slightly by 0.4%.