XN000022-1994-01-15 — Page 2

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SATURDAY, JANUARY 15, 1994

LAND REGISTRY STATISTICS FOR DECEMBER AND THE YEAR 1993

* * *

LAND

TOTAL

THE

REGISTRY ANNOUNCED TODAY (SATURDAY) THAT THE NUMBER OF SALE AND PURCHASE AGREEMENTS OF BUILDING UNITS, MAINLY FLATS, RECEIVED FOR REGISTRATION LAST YEAR WAS 133,060, REPRESENTING A DECREASE OF 1.63 PER CENT AND OF 24.70 PER CENT COMPARED WITH 1992 AND 1991 RESPECTIVELY.

THE TOTAL AMOUNT OF THE CONSIDERATIONS INVOLVED IN THESE AGREEMENTS WAS $348.95 BILLION, WHICH WAS UP BY 8.20 PER CENT AND 22.34 PER CENT COMPARED WITH 1992 AND 1991 RESPECTIVELY.

DURING THE LAST YEAR, 151,501 ASSIGNMENTS OF BUILDING UNITS, THE MAJORITY BEING RESIDENTIAL, WERE SUBMITTED FOR REGISTRATION.

WHEN COMPARED WITH 157,920 AND 182,997 RECORDED DURING 1992 AND. 1991 RESPECTIVELY, THE FIGURE SHOWED A DECREASE OF 4.06 PER CENT AND OF 17.21 PER CENT RESPECTIVELY.

HOWEVER, THE TOTAL AMOUNT OF CONSIDERATIONS INVOLVED, TOTALLING $326.70 BILLION, INDICATES INCREASES WHEN COMPARED WITH THE TWO PRECEDING YEARS.

OF

THE TOTAL AMOUNT SECURED UNDER MORTGAGES (OTHER THAN BUILDING MORTGAGES) WAS $104.03 BILLION, AN INCREASE OF 17.49 PER CENT AND

12.94 PER CENT COMPARED WITH 1992 AND 1991 RESPECTIVELY.

SEARCHES OF LAND RECORDS MADE BY MEMBERS OF THE PUBLIC DURING LAST YEAR TOTALLED 3,328,390, UP BY 3.78 PER CENT AND 5.03 PER CENT COMPARED WITH 1992 AND 1991 RESPECTIVELY.

THE TOTAL NUMBER OF PROPERTY OWNERS ROSE BY 4 PER CENT FROM 1,447,391 IN DECEMBER 1991 TO 1,505,003 IN DECEMBER 1992 AND AGAIN BY 5.04 PER CENT TO 1,580,877 IN DECEMBER 1993.

MEANWHILE, THE LAND REGISTRY ALSO RELEASED THE STATISTICS ON PROPERTY TRANSACTIONS RECEIVED FOR REGISTRATION IN THE URBAN AND NEW TERRITORIES LAND REGISTRIES LAST MONTH.

BUILDING

THE TOTAL NUMBER OF SALE AND PURCHASE AGREEMENTS

OF UNITS, MAINLY FLATS, RECEIVED FOR REGISTRATION DURING THE MONTH INCREASED BY 13.3 PER CENT COMPARED WITH THE PREVIOUS MONTH, AND BY 36.9 PER CENT COMPARED WITH DECEMBER 1992.

THE INCREASE WAS MAINLY DUE TO THE AGREEMENTS LODGED FOR REGISTRATION IN RESPECT OF SEVERAL LARGE DEVELOPMENTS IN TUEN MUN AND TSUEN WAN IN THE NEW TERRITORIES.

IN

OF THE

ALL, 10,911 SALE AND PURCHASE AGREEMENTS OF BUILDING UNITS RECEIVED FOR REGISTRATION LAST MONTH. THE TOTAL AMOUNT CONSIDERATIONS INVOLVED WAS $31.97 BILLION.

WERE

/THERE WERE