Land Registry Annual Report 2002/03


 
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Operations and Customer Focus

 

Management Structure

Land Registrar
  Registry Manager Business Manager Change Manager  
Legal Services
  • Urban Registration
  • New Territories
  • Search & Technical Services
  • General Support Services
  • Management & Customer Services
  • Business Development
  • Financial Services
Change Management Information Technology

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.

Productivity

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.

Number of Land Documents Lodged for RegistrationPer Month in 2002/03
2002/03 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Yearly Total
Number 44,854 44,854 52,056 51,262 43,786 37,498 48,076 40,159 35,407 45,397 37,750 37,666 520,552


Distribution of Land Documents Lodged for Registration in 2002/03
Nature Number
Agreements for Sale and Purchase of Building Units 81,075
Agreements for Sale and Purchase of Land 969
Assignments of Building Units 116,779
Assignments of Land 2,751
Building Mortgages/Building Legal Charges 50
Other Mortgages/Legal Charges 115,082
Others 203,846
Total 520,552


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.

Number and Consideration of Sale and Purchase Agreements of Building Units Lodged for Registration Per Month in 2002/03
2002/03 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Yearly Total
Number 8,456 8,470 8,311 6,166 6,053 7,178 6,807 5,808 6,111 7,293 4,622 5,800 81,075
Consideration (in HK million) 17,264 20,341 19,043 15,768 13,439 14,980 13,474 10,447 12,975 14,638 7,969 14,290 174,628

 

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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