tions in assignments of undivided shares. Dividing this last total by 24,403, the number of units affected by the 22,863 assignments of un- divided shares, one gets an average consideration of about $47,100 for transactions of this type as against $38,200 in the previous year and $40,200 in the year before last. This increase is no doubt largely due to the growing shortage of accommodation and the consequent change from a buyers' to a sellers' market.
24. With the increase in the number of assignments the number of mortgages rose from 11,407 in 1968-69 to 13,542, including 127 building mortgages. The grand total of mortgage considerations jumped to $1,107,104,000, 37.6% over last year's total of $804,539,000. The figure included $137,566,000 in respect of the 127 building mortgages, which therefore averaged about $1,083,000 each. The number of re-assignments rose by 1,544 (20.8%) to the new record figure of 8,965, and the relevant considerations jumped by $138,847,000 (25%) to $695,209,000.
25. The only other items in Tables V and VI that call for special mention are the big jump in the number of Agreements for Sale and Purchase from 2,669 to 6,164, reflecting the heightened interest in the property market and possibly the increase in the number of consents given by the Land Officer to entering into agreements for the sale of units in uncompleted buildings (see paragraph 43); the increase from 9 to 34 in the number of Exclusion Orders made under Section 38 of the Landlord and Tenant Ordinance; the slight decrease from 149 to 142 in the number of Re-development Notices served under Section 3 of the Demolished Buildings (Re-development of Sites) Ordinance; and the grand total of considerations in all instruments, which was up by 41.2% from $2,458,539,000 last year to $3,471,933,000.
26. All instruments relating to flats and other units in new multi- storey buildings are registered on cards in accordance with the new card registration system described in the 1965-66 Report. This system was so successful that it was decided to transfer all the records now contained in the old type bound registers on to cards. Since the maximum benefit of the new system is obtained in the case of sub- divided multi-storey buildings, the existing subdivision registers relating to such buildings were dealt with first, and by 31st March 1968 the records in all of the 198 subdivision registers had been transferred to cards. The old registers relating to lots, sections and subsections owned as single entities are now being replaced by cards, and satisfactory
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