17
(e.)-LAND GRANTS AND GENERAL VALUE OF LAND.
The net amount of premium received from sales of Crown Land exclusive of the New Territories for the year 1924 was $1,657,686.60 a decrease of $1,234,759.18 on the preceding year but $137,515 more than the average for the previous five years.
The principal items were $90,025 for Inland Lot No. 2462, $62,000 for Inland Lot No. 2366, $60,000 for Inland Lot No. 2479, $162,231 for Rural Building Lot No. 245, and $217,100 for Kowloon Inland Lot No. 1736.
In the New Territories the net amount received for premium was $245,130.76, the principal item being $16,400 for New Kowloon Inland Lot No. 570.
A considerable number of lots have been resumed in the course of the year in connection with the Town Planning and other development schemes, in many cases new lots have been granted in exchange for lots surrendered for the purpose of giving effect to the Town Planning Scheme.
The total area of land sold or granted during the year was 418 acres 3 roods 8 poles of which 410 acres 1 rood 8 poles were dealt with by the District Officers.
The total area of land resumed was 294 acres 3 roods 14 poles.
The number of deeds registered in the Land Office was 6,000, 837 less than the year 1923, which was a record year. The aggregate consideration set out in deeds registered in the Land Office was $184,103,616.75 as against $223,828,607.85 in 1923.
Considerable progress has been made with the Town Planning Scheme on the Eastern side of the Kowloon Peninsula and also in New Kowloon.
In the Northern District of the New Territories the demand for building sites and land generally continued to be brisk during the first half of the year and good prices were obtained, in the Southern District the demand for agricultural land everywhere was weak whilst for building land it continued strong. In both Districts the introduction of a condition of sale restricting alienation before fulfilment of the building covenant seems to have eliminated the speculator and given genuine buyers a better chance.
Development continues in some districts in the New Territories, another large area for brickworks at Castle Peak was sold early in the year and several lots were acquired for industrial purposes at Ts'ing Yi and Ts'un Wan.
17
(e.)-LAND GRANTS AND GENERAL VALUE OF LAND.
The net amount of premium received from sales of Crown Land exclusive of the New Territories for the year 1924 was $1,657,686.60 a decrease of $1,234,759.18 on the preceding year but $137,515 more than the average for the previous five years,
The principal items were $90,025 for Inland Lot No. 2462, $62,000 for Inland Lot No. 2366, $60,000 for Inland Lot No. 2479, $162,231 for Rural Building Lot No. 245, and $217,100 for Kowloon Inland Lot No. 1736.
In the New Territories the net amount received for premium was $245,130.76, the principal item being $16,400 for New Kowloon Inland Lot No. 570.
A considerable number of lots have been resumed in the course of the year in connection with the Town Planning and other development schemes, in many cases new lots have been granted in exchange for lots surrendered for the purpose of giving effect to the Town Planning Scheme.
The total area of land sold or granted during the year was 418 acres 3 roods 8 poles of which 410 acres 1 rood 8 poles were dealt with by the District Officers.
The total area of land resumed was 294 acres 3 roods 14 poles.
The number of deeds registered in the Land Office was 6,000, 837 less than the year 1923, which was a record year. The aggregate consideration set out in deeds registered in the Land Office was $184,103,616.75 as against $223,828,607.85 in 1923.
Considerable progress has been made with the Town Planning Scheme on the Eastern side of the Kowloon Peninsula and also in New Kowloon.
In the Northern District of the New Territories the demand for building sites and land generally continued to be brisk during the first half of the year and good prices were obtained, in the Southern District the demand for agricultural land everywhere was weak whilst for building land it continued strong. In both Districts the introduction of a condition of sale restricting alienation before fulfilment of the building covenant seems to have eliminated the speculator and given geruine buyers a better chance.
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Development continues in some districts in the New Territories, another large area for brickworks at Castle Peak was sold early in the year and several lots were acquired for industrial purposes at Ts'ing Yi and Ts'un Wan.
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