The Land Registry 2006/07 Annual Report
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Vision, Mission, Values and Functions
Our Vision
To be the best in all that we do.
Our Mission
- To ensure secure, customer friendly land registration and information services.
- To develop our human resources, information technology and service environment so as to ensure improvement in service quality and value to our customers.
- To advocate reform of Hong Kong's land registration system through introduction of title registration.
Our Values
Integrity | - | to customers, partners and colleagues we observe the highest ethical standards.
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Excellence | - | we aim to excel in all that we do.
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Respect | - | we show respect and trust to our customers, partners and colleagues.
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Learning | - | we learn constantly from each other, from our partners, customers and comparable organizations elsewhere how to provide better services to the community. |
Our Value to Hong Kong
- Over half of all Hong Kong families own registered property or are becoming property owners
- Banks and financial institutions loan over HK$ 1,000 billion against the security of registered land and property
- Over 4 million searches of registered information take place each year
- 79 Government departments use Land Registry information for purposes ranging from planning studies and criminal investigations to guidance on allocating public housing benefits and social security
- Registered information traces property transactions back to 1844. Some records have information going back to the 1700s. The registers are a resource for the economic and social history of Hong Kong
Functions
The Land Registry's main functions are to:
- Administer a land registration system by maintaining an up-to-date Land Register and the related land records under the Land Registration Ordinance and Regulations.
- Provide the public with facilities for search of the Land Register and other land records.
- Provide government departments and agencies with property information.
- Process applications for the incorporation of owners under the Building Management Ordinance.
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