XN000022-1994-06-24 — Page 9

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FRIDAY, JUNE 24, 1994

MRS LAW RE-EMPHASISED THAT THE ADMINISTRATION WOULD CONTINUE TO MONITOR THE MARKET SITUATION AND CONSIDER A RANGE OF FACTORS, BOTH INTERNAL AND EXTERNAL TO HONG KONG, IN ADDITION TO PRICE MOVEMENTS,

DECIDING BEFORE

IT WOULD BE NECESSARY WHETHER MEASURES.

то

INTRODUCE

OTHER

THE

DECISION, SHE SAID.

ADMINISTRATION

HAS NOT

SET A TIME TABLE

FOR SUCH

A

LAND REGISTRY RELEASES STATISTICS FOR MAY

THE

LAND

REGISTRAR

* * * * *

TODAY

(FRIDAY)

RELEASED

STATISTICS FOR MAY ON PROPERTY TRANSACTIONS RECEIVED FOR IN THE URBAN AND NEW TERRITORIES LAND REGISTRIES.

THE

MONTHLY REGISTRATION

AND THE

IN

MAY

AS THERE IS USUALLY A TIME LAG BETWEEN THE EXECUTION LODGMENT

RECORDED OF

FOR DEEDS

REGISTRATION, STATISTICS GENERALLY RELATE TO LAND TRANSACTIONS EXECUTED UP TO FOUR WEEKS BEFORE THEIR SUBMISSION FOR REGISTRATION.

A COMPARISON TABLE SHOWING THE RELEVANT STATISTICS 1994 AND FOR MAY 1993 WAS RELEASED.

FOR SALE AND PURCHASE AGREEMENTS, A CHART SHOWING RECEIVED FOR THE PAST 12 MONTHS AND ANOTHER SHOWING THE RATE OF CHANGE WERE ALSO RELEASED.

FOR APRIL

THE NUMBER

YEAR-ON-YEAR

BUILDING

PROPERTIES,

OF AGREEMENTS A TOTAL OF 12,868 SALE AND PURCHASE UNITS, WHICH INCLUDE BOTH RESIDENTIAL AND NON-RESIDENTIAL WERE RECEIVED FOR REGISTRATION IN THE LAND REGISTRY DURING MAY WITH A TOTAL CONSIDERATION OF $46.8 BILLION.

THE 12,868 FIGURE REPRESENTS A DECREASE OF 6.4 PER APRIL 1994 AND A DECREASE OF 5.9 PER CENT OVER MAY 1993.

1994,

CENT OVER

PURCHASE INCREASE

ON A YEAR-ON-YEAR COMPARISON, THE NUMBER OF SALE AND AGREEMENTS FOR BUILDING UNITS SHOWED A DECELERATION FROM AN OF 50.1 PER CENT IN THE FIRST QUARTER OF THIS YEAR AND AN INCREASE 18.1 PER CENT IN APRIL, TO A DECREASE OF 5.9 PER CENT IN MAY,

OF

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