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Land Registry releases 1995 statistics
A total of 97,649 sale and purchase agreements of building units, including both residential and non-residential properties, have been received for registration in 1995, the Land Registry announced today (Sunday).
The figure represented a decrease of 15 per cent and 26.6 per cent as compared with 1994 and 1993 respectively.
The amount of considerations involved in these agreements was $265.81 billion, down by 37.3 per cent and 23.8 per cent compared with 1994 and 1993 respectively.
During 1995, 112,212 assignments of building units were lodged for registration, showing a decrease of 18.6 per cent and 25.9 per cent as compared with 137,876 and 151,501 recorded during 1994 and 1993.
However, the total amount of the considerations involved, amounting to $309.48 billion, indicates decreases of 22.2 per cent and 5.3 per cent respectively when compared with the two preceding years.
The total amount secured under mortgages (other than building mortgages) was $76.8 billion, showing a decrease of 24.8 per cent and 26.2 per cent compared with 1994 and 1993 respectively.
The Land Registry also announced that searches of land records made by members of the public last year totalled 2,938,379, down by 15.6 per cent and 11.7 per cent compared with 1994 and 1993 respectively.
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