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The total amount secured under mortgages (other than building mortgages) was $41.23 billion, showing a decrease of 0.1 per cent but an increase of 16.1 per cent compared with the second half of 1995 and first half of 1995 respectively.
A table summarising the above figures and other related statistics for the first half of 1996, together with the corresponding statistics recorded in the second half of 1995 and first half of 1995 was released today by the Registry.
Searches of land records made by members of the public during the first half of 1996 totalled 1,988,018, up by 33.3 per cent and 37.4 per cent compared with the second half of 1995 and first half of 1995 respectively.
Meanwhile, for the month of June, LR received for registration 11,056 sale and purchase agreements for building units, which include both residential and non- residential properties.
The figure represents a decrease of 33.1 per cent from May 1996 but an increase of 42.8 per cent when compared with June 1995.
The total considerations of these agreements in June is $34.8 billion, down 25.3 per cent but up 62.4 per cent when compared with the amounts for May 1996 and June 1995 respectively.
The figures are contained in the monthly statistics released today by LR on deeds relating to property transactions received for registration in the urban and New Territories land registries in June 1996.
Relevant statistics for May 1996 and June 1995 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.
These 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.
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