The Land Registry Annual Report 2009/10
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HIGHLIGHT
|
Among the SPAs of all building units delivered for registration in 2009/10, the number of SPAs of residential units and its total consideration were 131,877 (+74.7% from last year) and $495,936 million (+89.8% from last year) respectively. The number of these agreements is generally regarded as a key indicator of the level of activity in the property market.
Range of Consideration |
2007/08 | 2008/09 | 2009/10 | |||
( HK$ million) |
No. |
% |
No. |
% |
No. |
% |
Less than 1 |
19,020 |
13.9 |
9,579 |
12.7 |
10,076 |
7.6 |
1 to less than 2 |
50,003 |
36.5 |
30,434 |
40.3 |
48,629 |
36.9 |
2 to less than 3 |
23,716 |
17.3 |
13,905 |
18.4 |
25,878 |
19.6 |
3 to less than 5 |
23,248 |
16.9 |
11,384 |
15.1 |
26,507 |
20.1 |
5 to less than 10 |
13,768 |
10.0 |
6,278 |
8.3 |
13,210 |
10.0 |
10 or over |
7,409 |
5.4 |
3,898 |
5.2 |
7,577 |
5.7 |
Total | 137,164 |
100.0 |
75,478 |
100.0 |
131,877 |
100.0 |
(ii) Search Services
Land records are maintained by the Land Registry primarily for the purpose of providing a property-related information platform to enhance transparency and facilitate property transactions.
In 2009/10, the total number of searches of land registers and supplies of imaged copies and photocopies of land records were 5,819,397 (+25.7% from previous year) and 720,351 (+11.1% from previous year) respectively.
Year |
2005/06 | 2006/07 | 2007/08 | 2008/09 | 2009/10 |
Searches of Land Registers |
4,504,151 |
4,392,580 |
5,396,269 |
4,628,256 |
5,819,397 |
Imaged Copies and Photocopies of Land Records Supplied |
670,771 |
648,326 |
704,873 |
648,206 |
720,351 |
Since February 2005, the Land Registry has been providing search services over the Internet via our IRIS Online Services at www.iris.gov.hk for 16 hours a day, seven days a week. The public can conduct searches on either an ad hoc or a subscription basis. Searches conducted online constituted about 90% of the total search volume. The remaining 10% were conducted over the counter. Counter search service is available at our Customer Centre in Queensway Government Offices and the New Territories Search Offices (NTSOs) in Tai Po, Yuen Long and Tsuen Wan districts.