Infrastructure Development and Heritage Conservation 219
Land Registry Business Volume in 2007
Registration Services
(Distribution of Land Documents Lodged for Registration)
Nature
Agreements for sale and purchase of building units.
Agreements for sale and purchase of land
Assignments of building units
Assignments of land
Building mortgages/building legal charges
Other mortgages/legal charges
Other
Total
Search Services
(Distribution of Searches of Land Registers and Records)
Online Searches*
Counter Searches
Number
Per cent
Number
Per cent
4 501 891
88.9
559 578
11.1
Number
145 691
2 215
158 287
5 938
88
138 663
276 401
727 283
* Online searches are conducted through Integrated Registration Information
System (IRIS) Online Services.
Work is continuing on the setting up of a title registration system. During the year, the registry reviewed and responded to the comments on the working draft of the Land Titles (Amendment) Bill. The plan is to finalise and introduce the amendment legislation into the Legislative Council in the 2008-09 legislative session. Work also continued on the development of information technology systems to support the future title registration service.
New Development Projects
The Government remains committed to building new infrastructure and improving existing facilities to meet the needs of economic development. In so doing, it continues to invest heavily on infrastructure development. Work on the provision of land and infrastructure in urban areas and the new towns was on schedule in 2007. Major land development projects include:
Kai Tak Development
The development covers the former Kai Tak Airport site and adjoining land Occupying a total area of about 328 hectares. The vision of the new development is to create a distinguished, vibrant, attractive, and people-oriented 'Kai Tak by the
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