XN000022-1992-08-19 — Page 5

WEDNESDAY, AUGUST 19, 1992

THE SITE, MEASURING ABOUT 114 SQUARE METRES, IS EARMARKED FOR NON-INDUSTRIAL (EXCLUDING GODOWN, HOTEL, PETROL FILLING STATION AND SERVICES APARTMENT) PURPOSES.

THE BUILDING COVENANT STIPULATES THAT THE DEVELOPER HAS то COMPLETE A GROSS FLOOR AREA OF NOT LESS THAN 350 SQUARE METRES ON OR BEFORE MARCH 31, 1995.

THE AUCTION WAS HELD IN THE CITY HALL THEATRE AND CONDUCTED GOVERNMENT LAND AGENT, MR NIGEL BURLEY.

BY

PROPERTY TRANSACTION STATISTICS FOR JULY

THE TOTAL NUMBER OF SALE AND PURCHASE AGREEMENTS OF REGISTERED IN THE LAND OFFICE IN JULY DECREASED BY 8.9 PER COMPARED WITH THE PREVIOUS MONTH AND BY 5 PER CENT COMPARED WITH LAST YEAR.

FLATS

CENT JULY

IN ALL, 12,607 AGREEMENTS WERE REGISTERED DURING THE MONTH. THE TOTAL AMOUNT OF THE CONSIDERATION INVOLVED WAS ABOUT $30.53 BILLION.

THESE FIGURES WERE INCLUDED IN THE MONTHLY STATISTICS ON PROPERTY TRANSACTIONS REGISTERED IN THE URBAN AND NEW TERRITORIES LAND REGISTRIES WHICH WERE RELEASED TODAY (WEDNESDAY) BY THE REGISTRAR GENERAL.

THERE WERE ONE BUILDING MORTGAGE AND 18.296 OTHER MORTGAGES REGISTERED IN THE MONTH, COMPARED WITH 14 AND 19,718 RESPECTIVELY IN JULY 1991.

THE TOTAL AMOUNT SECURED UNDER NEW BUILDING MORTGAGES IN THE MONTH WAS $4.8 MILLION AS COMPARED WITH ABOUT $1,126.4 MILLION IN JULY 1991.

THE TOTAL AMOUNT SECURED UNDER NEW MORTGAGES IN THE OTHER THAN BUILDING MORTGAGES DROPPED BY 9.3 PER CENT, FROM $8.04 BILLION IN JULY 1991 TO ABOUT $7.29 BILLION IN JULY 1992.

MONTH ABOUT

THE TOTAL AMOUNT ACTUALLY DRAWN DOWN ON BUILDING AND OTHER 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, DECREASED BY 3.1 PER CENT, FROM ABOUT $3.81 BILLION IN JULY 1991 TO ABOUT $3.69 BILLION IN JULY 1992.

MEANWHILE, DETAILS OF LAND OFFICE CONSENTS GIVEN TO ENTER INTO AGREEMENTS FOR SALES AND PURCHASES OF UNCOMPLETED BUILDINGS WERE ALSO RELEASED.

IN JULY, SEVEN SUCH CONSENTS WERE GRANTED INVOLVING 1,583 UNITS IN THE URBAN AREAS AND 2,196 UNITS IN THE NEW TERRITORIES.

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