XN000022-1988-01-04 — Page 3

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MONDAY, JANUARY 4, 1987

THE AMOUNT

SECURED UNDER

CENT, MORTGAGES ROSE BY 44.9 PER BILLION.

MORTGAGES

MORTGAGES

$33.086 FROM

BILLION

OTHER THAN BUILDING $47.928

TO

OF ALL

KINDS,

BY ROSE

AS

EVIDENCED

BY

10.2 PER CENT, FROM

REPAYMENTS UNDER DISCHARGES AND MORTGAGEE'S RECEIPTS, $22.182 BILLION IN 1986 TO $24.436 BILLION IN 1987.

THE PUBLIC REACHED

SEARCHES IN THE LAND OFFICE BY MEMBERS OF AN ALL-TIME HIGH OF 1,463,614, UP BY 19.9 PER CENT.

LAND REGISTRIES

DURING 1987, THE SIX NEW TERRITORIES DISTRICT OPERATED BY THE DEPARTMENT REGISTERED A TOTAL OF 184,562 INSTRUMENTS.

SALE AND FLATS, 3,639 PURCHASE AGREEMENTS OF

OTHER ASSIGNMENTS OF LOTS AND SECTIONS, 34 BUILDING MORTGAGES, 54,160

REASSIGNMENTS AND MORTGAGES

MORTGAGEES' AND 26,799

OF CONSIDERATION OF CERTIFICATES OF SATISFACTION WITH A TOTAL VALUE

$601 MILLION, BILLION, $3.711 BILLION, $21.316 $17.392 BILLION AND $7.818 BILLION RESPECTIVELY.

THIS WAS AGAIN AN ALL-TIME HIGH, AND INCLUDED 37,106

OF ASSIGNMENTS FLATS, 45,100

BILLION,

$19.329

THESE

RECEIPTS,

FIGURES,

MR

OF COMMENTING ON ALL REFLECTED A CONTINUING HIGH LEVEL OF ACTIVITY IN THE DURING THE YEAR.

GLEESON

SAID

THEY

PROPERTY MARKET

OWNERS IN HONG KONG CENT OVER

THE TOTAL NUMBER OF REGISTERED PROPERTY NOW STOOD AT 1,023,635, AN INCREASE OF 116,678 OR 12.9 PER THE FIGURE AT THE END OF 1986 WHICH ITSELF WAS AN INCREASE OF 9.7 CENT OVER 1985.

LAND

PER

AND

OF MODIFICATIONS GRANTS GOVERNMENT THE NUMBER OF

AND REGISTERED IN THE URBAN GOVERNMENT LEASE CONDITIONS COMPLETED

TO 338, WHILE THE LAND OFFICE LAST YEAR INCREASED FROM 303 IN 1986

PER CENT FROM $2.57 BILLION TOTAL PREMIUM INVOLVED ROSE BY 57 $4.034 BILLION.

TO

/PARTICULARLY SIGNIFICANT ......