XN000022-1989-07-14 — Page 7

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FRIDAY, JULY 14, 1989

THE TOTAL

OF FLATS AMOUNT OF CONSIDERATIONS IN ASSIGNMENTS

IN THE FIRST HALF OF INCREASED BY 84.6 PER CENT FROM $31.186 BILLION

OF 1988 AND BY 20.1 PER CENT FROM $47.911 BILLION IN THE SECOND HALF 1988 TO $57.558 BILLION.

BY THE A TOTAL OF 3,135 ASSIGNMENTS OF FLATS WERE COMPLETED

THE HOUSING AUTHORITY REGISTRAR

DEPARTMENT ON BEHALF OF GENERAL'S

2.393 AND UNDER THE GOVERNMENT HOME OWNERSHIP SCHEME, COMPARED WITH 2,025 IN THE FIRST AND SECOND HALVES OF 1988 RESPECTIVELY.

55.2

THE FIRST

THERE WERE 523 ASSIGNMENTS OF LOTS AND SECTIONS. THIS WAS PER CENT MORE BUT 20.2 PER CENT LESS RESPECTIVELY THAN IN AND SECOND HALVES OF 1988.

OF

SECOND

THESE ASSIGNMENTS THE TOTAL AMOUNT OF THE CONSIDERATIONS IN INCREASED BY 143.1 PER CENT FROM $9.375 BILLION IN THE FIRST HALF 1988 BUT DECREASED BY 1.1 PER CENT FROM $23.036 BILLION IN THE HALF OF 1988 TO $22.787 BILLION.

WERE

44,242

THIRTY-ONE BUILDING MORTGAGES AND 51,178 OTHER MORTGAGES REGISTERED DURING THE FIRST HALF OF 1989, COMPARED WITH 29 AND

AND 26 AND 53,181 RESPECTIVELY RESPECTIVELY IN THE FIRST HALF OF 1988 IN THE SECOND HALF OF 1988.

MORTGAGES REGISTERED FROM $0.283 FROM $0.500

THE TOTAL AMOUNT SECURED UNDER BUILDING DURING THE FIRST HALF OF 1989 ROSE BY 156.7 PER CENT BILLION IN THE FIRST HALF OF 1988 AND BY 45.2 PER CENT BILLION IN THE SECOND HALF OF 1988 TO $0.727 BILLION.

THE

AMOUNT SECURED

UNDER

THAN BUILDING

OTHER MORTGAGES MORTGAGES, HOWEVER, DROPPED BY 2.6 PER CENT FROM $34.311 FIRST HALF OF 1988 AND BY 15,9 PER CENT FROM $39.723 THE SECOND HALF OF 1988 TO $33.426 BILLION.

UNDER

MORTGAGES

OF ALL

KINDS,

BILLION IN BILLION IN

EVIDENCED BY

CENT FROM CENT FROM

AS REPAYMENTS DISCHARGES AND MORTGAGEE'S RECEIPTS, WERE UP BY 52.4 PER $12.333 BILLION IN THE FIRST HALF OF 1988 AND BY 15.1 PER $16.323 BILLION IN THE SECOND HALF OF 1988 TO $18.791 BILLION.

BY

1989 BY SEARCHES IN THE LAND OFFICE DURING THE FIRST HALF OF MEMBERS OF THE PUBLIC TOTALLED 803,891, UP BY 1 PER CENT BUT DOWN 7.7 PER CENT RESPECTIVELY COMPARED WITH THE FIRST AND SECOND HALVES OF 1988.

TOTAL THERE WERE 850 SURRENDERS AND RESUMPTIONS OF LAND WITH A COMPENSATION OF $0.347 BILLION PAID IN BOTH THE URBAN AREA AND THE NEW TERRITORIES, COMPARED WITH 561 AND $0.353 BILLION IN THE FIRST HALF OF 1988 THE SECOND HALF OF 1988 AND 748

BILLION $0.361 AND RESPECTIVELY.

IN

MR GLEESON SAID THAT OF THE EIGHT NEW TERRITORIES DISTRICT LAND IT WAS REGISTRIES, SEVEN HAD NOW BEEN TAKEN OVER BY HIS DEPARTMENT. INTENDED THAT THE DEPARTMENT WOULD TAKE OVER THE REMAINING REGISTRY AT NORTH IN MAY 1990.

/DURING THE