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The total consideration of these agreements is $16.51 billion, down 4.9 per cent and 29.3 per cent as compared with the amounts for September 1995 and October 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 September 1995 and October 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, November 14, 1995
Buildings Department will look into Fairview Park case
Commenting on press reports on Fairview Park, the Director of Buildings, Mrs Helen Yu, said today (Tuesday) that the Buildings Ordinance (Application to the New Territories) Ordinance provides for the exemption of certain categories of buildings in the New Territories from some provisions of the Buildings Ordinance.
As regards to the case of Fairview Park, the Buildings Department is looking into the matter in consultation with other government departments concerned.
End/Tuesday, November 14, 1995