XN000022-1995-07-28 — Page 29

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Land Registry announced lodged agreements figures

A total of 50,633 sale and purchase agreements of building units, mainly flats, were lodged with the Land Registry during the first half of this year.

The figure represents an increase of 14.7 per cent but a decrease of 28.4 per cent compared with the second half of 1994 and the first half of 1994 respectively.

The total amount of the considerations involved in these agreements was $104.91 billion, down by 28.2 per cent and 62.2 per cent as compared with the two preceding half-yearly periods,

During the first half of 1995, 48,928 assignments of building units, the majority being residential, were lodged for registration, compared with 62,201 and 75,675 respectively recorded during the second half of 1994 and the first half of 1994, showing a decrease of 21.3 per cent and 35.3 per cent respectively. The total amount of the considerations involved, amounting to $157.15 billion, indicates decreases when compared with the two preceding half years.

The total amount secured under mortgages (other than building mortgages) was $35.52 billion, showing a decrease of 32 per cent and 28.7 per cent compared with the second half of 1994 and the first half of 1994 respectively.

Searches of land records made by members of the public during the first half of 1995 totalled 1,446,572, down by 4.7 per cent and 26.3 per cent as compared with the second half of 1994 and the first half of 1994 respectively.