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The Land Registry's key services are:
- Registration of land documents;
- Search of land registers and records;
- Supply of copies of land records; and
- Certification of copies of land records.
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In the 2002/03 financial year, 520,552 land documents
were lodged for registration, a decrease of 13.9% compared
with the previous year. An average of 1,907 documents were
registered each working day.
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15.6% (81,075) of the documents lodged for registration in
2002/03 were Sale and Purchase Agreements of building units,
a 9.6% decrease from the previous year. The total consideration
of these Agreements were HK$174,628 million, down 10.6% from
the previous year. The number and consideration of these agreements
are generally regarded as key indicators of property market
activity.
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There were 2,346,058 registered property owners as at the
end of 2002/03 financial year, a 4.7% increase compared with
2001/02. The registered property owners include companies
as well as individuals.
3,095,254 searches of land registers and records were made
in 2002/03, a 11.5% drop from the previous year. 88.3% of
these searches were conducted by private sector clients including
solicitors’ firms and estate agents. Approximately 11,340
searches were handled each working day.
The on-line land search Direct Access Services (DAS), introduced
since 15 September 1994, now accounts for 76% of searches
of land registers and records.
In 2002/03, the Land Registry provided 447,095 sets of imaged
copies and photocopies of land documents to customers through
counter searches and remote orders via DAS. This was 0.4%
lower than in 2001/02. The Land Registry certified 12.7% fewer
copies of land records compared to 2001/02.
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