228 Infrastructure Development and Heritage Conservation
Land Registry Business Volume in 2010
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
Number
162 739
2 788
186 936
6 974
Building mortgages/building legal charges
118
Other mortgages/legal charges
174 395
Others
317 835
Total
Search Services
(Distribution by Search Mode)
Counter Searches
Online Searches*
851 785
Number
620 922
Per cent
9.8%
Number
5 729 401
Per cent
90.2%
*Online searches are conducted through an 'Integrated Registration Information System (IRIS)'. In August 2010, the Land Registry launched a new search system to enhance the stability in the delivery of search services to customers via the internet. The Registry also extended the online search service's operation hours.
Hong Kong currently adopts a deed 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.
New Development Projects
The Government is 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 progressed on schedule in 2010. The major development projects include:
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