WEDNESDAY, JANUARY 20, 1993
PROPERTY TRANSACTION FIGURES FOR DECEMBER
THE TOTAL NUMBER OF SALE AND PURCHASE AGREEMENTS OF FLATS REGISTERED IN THE LAND OFFICE IN DECEMBER LAST YEAR INCREASED BY 11.2 PER CENT COMPARED WITH THE PREVIOUS MONTH AND DECREASED BY 34.7 PER CENT COMPARED WITH DECEMBER 1991.
IN ALL, 7,970 SUCH AGREEMENTS WERE REGISTERED DURING THE MONTH. THE TOTAL AMOUNT OF THE CONSIDERATIONS INVOLVED WAS ABOUT $20.36 BILLION.
THESE FIGURES WERE INCLUDED IN THE MONTHLY STATISTICS ON PROPERTY TRANSACTIONS REGISTERED IN THE URBAN AND NEW TERRITORIES LAND REGISTRIES RELEASED TODAY (WEDNESDAY) BY THE REGISTRAR GENERAL.
THERE WERE NINE BUILDING MORTGAGES AND 11, 503 OTHER MORTGAGES REGISTERED IN THE MONTH, COMPARED TO 22 AND 19,150 RESPECTIVELY IN DECEMBER 1991.
THE TOTAL AMOUNT SECURED UNDER NEW BUILDING MORTGAGES IN THE MONTH WAS ABOUT $0.13 BILLION COMPARED WITH ABOUT $0.51 BILLION IN DECEMBER 1991.
THE TOTAL AMOUNT SECURED UNDER NEW MORTGAGES IN THE MONTH OTHER THAN BUILDING MORTGAGES DROPPED BY 20.8 PER CENT FROM ABOUT $9.29 BILLION IN DECEMBER 1991 TO ABOUT $7.36 BILLION IN DECEMBER 1992.
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 2. 4 PER CENT FROM ABOUT $3.06 BILLION IN DECEMBER 1991 TO ABOUT $2.99 BILLION IN DECEMBER 1992.
/REGISTRAR GENERAL
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