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FINANCIAL HIGHLIGHTS

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Revenue:
499.7 million
Operating costs:
443.9 million
Profit:
109.7 million
Rate of return on fixed assets:
16.5%

BUSINESS HIGHLIGHTS

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No. of land documents delivered for registration:
416,673
No. of searches of land registers:
5,498,956
No. of imaged copies and photocopies of land records supplied:
822,229
Usage of Integrated Registration Information System Online Services for search of land registers:
94%
No. of Owners’ Corporations (OC) registered:
119
No. of OC documents filed:
21,468
No. of searches of OC documents:
22,811

MESSAGE FROM THE LAND REGISTRAR

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Land Registrar

Given the challenging business environment, we experienced uptrends and downtrends in our business volume. The Land Registry has been exercising prudent and cost-conscious measures while striving to maintain quality delivery of services. The Land Registry Trading Fund (LRTF) achieved an overall financial return on fixed assets of 16.5% in 2022/23.

Ms Joyce TAM, JP

Land Registrar

General Manager, LRTF

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ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORTING

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Environmental, Social and Governance reporting
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BUSINESS REVIEW

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Business review

Registration of Land Documents

Search Services

Owners' Corporation Services

Property Alert

e-Alert Service for Authorized Institutions

New e-Government Initiatives

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MOVING TOWARDS TITLE REGISTRATION

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Moving towards title registration

Hong Kong has been operating a deeds registration system since 1844. Title registration system aims to provide better assurance and greater certainty of property title and simplify conveyancing procedures. The “new land first” proposal will secure early implementation of title registration in Hong Kong, which helps enhance efficiency of property conveyancing, improve the business environment and raise Hong Kong’s competitiveness.

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