XN000022-1987-07-22 — Page 3

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WEDNESDAY, JULY 22, 1987

THE TOTAL AMOUNT SECURED UNDER DURING THE FIRST HALF OF 1987 DROPPED

BUILDING MORTGAGES REGISTERED BY 36.1 PER CENT FROM $552 MILLION IN THE FIRST HALF AND BY 0.9 PER CENT FROM $356 MILLION IN THE THE AMOUNT SECURED UNDER MILLION. SECOND HALF OF 1986 TO $353

CENT MORTGAGES OTHER THAN BUILDING MORTGAGES HOWEVER ROSE BY 56.5 PER

AND BY 29.3 PER CENT FROM FROM $14.970 BILLION IN THE FIRST HALF $18.116 BILLION IN THE SECOND HALF OF 1986 TO $23.424 BILLION.

MORTGAGES

OF ALL REPAYMENTS UNDER DISCHARGES AND MORTGAGEE'S RECEIPTS, WERE UP $11.016 BILLION IN THE FIRST HALF AND BY 5.1 BILLION IN THE SECOND HALF OF 1986 TO $11.737

KINDS,

BY

AS EVIDENCED BY 6.5 PER CENT FROM PER CENT FROM $11.167 BILLION.

OF 1987 BY 28.6 PER CENT THE FIRST AND SECOND

SEARCHES IN THE LAND OFFICE DURING THE FIRST HALF THE PUBLIC REACHED AN ALL TIME HIGH OF 711,370, UP BY

WITH COMPARED AND 6.5 PER CENT RESPECTIVELY HALVES OF 1986.

LAND REGISTRIES, FIVE REGISTRAR GENERAL'S DEPARTMENT. IT IS

WILL TAKE OVER THE REMAINING

OF THE EIGHT NEW TERRITORIES DISTRICT HAVE BEEN TAKEN OVER BY THE

DEPARTMENT INTENDED THAT THE REGISTRIES, NAMELY, ISLANDS, TAI PO AND NORTH AS SOON AS POSSIBLE.

DURING THE

FIRST

INSTRUMENTS,

DISTRICT LAND REGISTRIES TOTAL OF 91,310

THE

THREE

NEW TERRITORIES FIVE THE DEPARTMENT REGISTERED A

OF 1987, HALF

BY OPERATED

SALE AND 22,496 INCLUDING

PURCHASE FLATS, 1,621 ASSIGNMENTS AGREEMENTS OF FLATS, 19,414 ASSIGNMENTS OF

26,959 OTHER MORTGAGES OF LOTS AND SECTIONS, 13 BUILDING MORTGAGES,

REASSIGNMENTS AND CERTIFICATES OF AND 13,390 MORTGAGEE'S RECEIPTS,

BILLION, SATISFACTION WITH A TOTAL VALUE OF CONSIDERATIONS OF $11,625

AND $7.714 BILLION, $1.382 $4.057 BILLION RESPECTIVELY.

MILLION,

$8.005 BILLION

BILLION, $334

SIGNIFICANT GOVERNMENT LAND TRANSACTIONS COMPLETED

DURING THE

HALF YEAR OF 1987 INCLUDED THE FOLLOWING:

(1)

(2)

THE GRANT BY PRIVATE TREATY OF A 1.518-HECTARE NO. 1576 IN DD 115) IN YUEN LONG TO KOWLOON-CANTON RAILWAY CORPORATION AT A

MILLION OF $21 PREMIUM

GODOWN) DEVELOPMENT NON-INDUSTRIAL

LIGHT

RAIL

(EXCLUDING TRANSIT

SYSTEM

SITE (LOT

FOR

TERMINUS

WITH A AND

COMMERCIAL/RESIDENTIAL ACCOMMODATION ON JANUARY 6, 1987.

2.224-HECTARE SITE (TUEN TUEN MUN TO LEADCHOICE $210 MILLION FOR THE HOME OWNERSHIP

THE SALE BY PUBLIC TENDER OF A MUN TOWN LOT NO. 246) IN AREA 5,

A PREMIUM OF DEVELOPMENT LIMITED AT

UNDER DEVELOPMENT NON-INDUSTRIAL (PRIVATE SECTOR PARTICIPATION) SCHEME ON FEBRUARY 9, 1987.

/(3) THE MODIFICATION