Services and Operations
Registration of Land Documents
Documents affecting land are delivered to our Customer Centre at Queensway Government Offices for registration.
In 2011/12, 573,104 land documents were delivered for registration, representing a reduction by 33.3% when compared with 2010/11.
Major types of documents received include sale and purchase agreements (SPAs), assignments, mortgages/legal charges and their respective receipts/discharges/releases which collectively accounted for about 81% of all documents received during the year.
Among the SPAs of all building units delivered for registration in 2011/12, the number of SPAs of residential units and its total consideration were 74,363 (-43.4% from last year) and $411,978 million (-27.2% from last year) respectively. The number of these agreements is generally regarded as a key indicator of the level of activity in the property market.
The majority of the transactions in residential units in 2011/12 were within the consideration range of two to three million dollars. There was a significant drop in such transactions with consideration of less than two million in 2011/12.
| Range of Consideration | 2009/10 | 2010/11 | 2011/12 | |||
|---|---|---|---|---|---|---|
| (HK$ million) | No | % | No | % | No | % |
| Less than 1 | 10,076 | 7.6 | 4,108 | 3.1 | 1,464 | 2.0 |
| 1 to less than 2 | 48,629 | 36.9 | 40,474 | 30.8 | 13,605 | 18.3 |
| 2 to less than 3 | 25,878 | 19.6 | 32,051 | 24.4 | 18,908 | 25.4 |
| 3 to less than 5 | 26,507 | 20.1 | 27,945 | 21.3 | 18,709 | 25.2 |
| 5 to less than 10 | 13,210 | 10.0 | 17,922 | 13.6 | 14,411 | 19.4 |
| 10 or over | 7,577 | 5.7 | 8,877 | 6.8 | 7,266 | 9.8 |
| Total | 131,877 | 100.0 | 131,377 | 100.0 | 74,363 | 100.0 |
Note: Figures in percentage for individual items may not add up to 100% due to rounding