XN000022-1992-07-13 — Page 3

I

2

MONDAY, JULY 13, 1992

DURING THE FIRST HALF OF THIS YEAR, 74,098 ASSIGNMENTS OF UNITS IN COMPLETED BUILDINGS, THE MAJORITY RESIDENTIAL, WERE REGISTERED, COMPARED WITH 82,604 AND 100,393 RESPECTIVELY DURING THE FIRST AND SECOND HALVES OF LAST YEAR, SHOWING A DECREASE OF 10.3 PER CENT AND 26.2 PER CENT RESPECTIVELY.

THE TOTAL AMOUNT OF CONSIDERATIONS IN ASSIGNMENTS OF FLATS INCREASED BY 45.9 PER CENT FROM $89.63 BILLION IN THE FIRST HALF OF 1991 BUT DECREASED BY 4.8 PER CENT FROM $137.39 BILLION IN THE SECOND HALF OF 1991 TO $130.79 BILLION.

A TOTAL OF 419 ASSIGNMENTS OF FLATS WERE COMPLETED BY THE REGISTRAR GENERAL'S DEPARTMENT ON BEHALF OF THE HOUSING AUTHORITY UNDER THE GOVERNMENT HOME OWNERSHIP SCHEME (HOS), COMPARED WITH AND 5,384 IN THE FIRST AND SECOND HALVES OF 1991 RESPECTIVELY.

5,594

THE CONSIDERABLE DROP IN THE NUMBER OF HOS ASSIGNMENTS OF FLATS COMPLETED WAS DUE TO THE FACT THAT THE DEPARTMENT'S HOS CONVEYANCING FUNCTION HAD BEEN PRIVATISED SINCE NOVEMBER LAST YEAR, THAT IS, HANDLED BY SOLICITORS IN THE PRIVATE SECTOR.

THERE WERE 4,698 ASSIGNMENTS OF LOTS AND SECTIONS. THIS WAS 65.1 PER CENT AND 21.8 PER CENT MORE THAN IN THE FIRST AND SECOND HALVES OF 1991 RESPECTIVELY.

THE TOTAL AMOUNT OF THE CONSIDERATIONS IN THESE ASSIGNMENTS INCREASED BY 33.3 PER CENT FROM $17.25 BILLION IN THE FIRST HALF OF 1991 BUT DECREASED BY 3.4 PER CENT FROM $23.82 BILLION IN THE SECOND HALF OF 1991 TO $23 BILLION.

A TOTAL OF 77 BUILDING MORTGAGES AND 81,740 OTHER MORTGAGES WERE REGISTERED DURING THE FIRST HALF OF 1992, COMPARED WITH 78 AND 101,172 RESPECTIVELY IN THE FIRST HALF OF 1991 AND 78 AND 111,909 RESPECTIVELY IN THE SECOND HALF OF 1991.

THE TOTAL AMOUNT SECURED UNDER BUILDING MORTGAGES REGISTERED DURING THE FIRST HALF OF 1992 INCREASED BY 7.7 PER CENT FROM $2.10 BILLION IN THE FIRST HALF OF 1991 BUT DECREASED BY 67 PER CENT FROM $6.86 BILLION IN THE SECOND HALF OF 1991 TO $2.26 BILLION.

THE TOTAL AMOUNT SECURED UNDER MORTGAGES OTHER THAN BUILDING MORTGAGES INCREASED BY 12.5 PER CENT FROM $43.49 BILLION IN THE FIRST HALF OF 1991 AND BY 0.6 PER CENT FROM $48.62 BILLION IN THE SECOND HALF OF 1991 TO $48.91 BILLION.

THE TOTAL AMOUNT ACTUALLY DRAWN DOWN ON THESE MORTGAGES AT ANY PARTICULAR TIME MAY BE SIGNIFICANTLY LESS THAN THE TOTAL AMOUNT SECURED.

REPAYMENTS UNDER MORTGAGES OF ALL KINDS, AS EVIDENCED BY DISCHARGES AND MORTGAGEE'S RECEIPTS, INCREASED BY 27.3 PER CENT FROM $17.69 BILLION IN THE FIRST HALF OF 1991 BUT DECREASED BY 1.2 PER CENT FROM $22.79 BILLION IN THE SECOND HALF OF 1991 TO $22.5 BILLION.

/SEARCHES BY