ENG-2009 — Page 280

Hong Kong Year Books 香港年報 All

220 Infrastructure Development and Heritage Conservation

records for public inspection. Over 2.8 million land registers and 19 million documents can be accessed electronically.

Land Registry Business Volume in 2009

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

Number

133 962

2 256

141 307

Assignments of land

Other mortgages/legal charges

6 159

Building mortgages/building legal charges

120

116 401

Others

263 937

Total

Search Services

(Distribution by Search Mode)

Counter Searches

664 142

Number

570 584

Per cent

10.7%

Online Searches*

Number

4 761 948

Per cent

89.3%

* Online searches are conducted through Integrated Registration Information

System (IRIS) Online Services.

Hong Kong currently adopts a deeds registration system. To provide greater security of title and enhance ease of conveyancing, the Land Titles Ordinance was enacted in 2004. As agreed with the Legislative Council, the law will not come into effect until a comprehensive review is completed and further amended legislation is passed. During the year, the Registry continued preparatory work for the Land Titles (Amendment) Bill and consultation with the stakeholders and the public.

New Development Projects

The Government remains committed to building new infrastructure and improving existing facilities to meet economic development needs and continues to invest heavily in infrastructure development. Work on providing land and infrastructure for urban areas and the new towns was progressing on schedule in 2009. The major development projects include:

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