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Management Structure
The Land Registry's key services are:
- Registration of land documents
- Search of land registers and records
- Supply of copies of land records
- Certification of copies of land records
Productivity
In the 2003/04 financial year, 523,129 land documents were lodged
for registration, an increase of 0.5% compared with the previous
year. An average of 1,920 documents were registered each working
day.
19.9% (103,953) of the documents lodged for registration in 2003/04
were Sale and Purchase Agreements of building units, a 28.2% increase
over the previous year. The total consideration of these Agreements
was HK$246,564 million, up 41.2% over the previous year. The number
and consideration of these agreements are generally regarded as
key indicators of property market activity.
Among the 103,953 Sale and Purchase Agreements, 82.6% (85,814)
were Sale and Purchase Agreements of residential units(note),
a 25.5% increase over the previous year. The total consideration
of these Agreements was HK$200,989 million, up 40.9% over the previous
year.
| Note: |
Sales of residential units refer to the Sale and
Purchase Agreements with payment of stamp duty. These statistics
do not include sales of units under the Home Ownership Scheme,
the Private Sector Participation Scheme and the Tenants Purchase
Scheme except those after payment of premium. |
3,388,061 searches of land registers and records were made in 2003/04,
a 9.5% increase over the previous year. 90.1% of these searches
were conducted by private sector clients including solicitors’
firms and estate agents. Approximately 12,430 searches were handled
each working day.
The online land search Direct Access Services (DAS), introduced
since 15 September 1994, now accounts for 79% of searches of land
registers and records.
In 2003/04, the Land Registry provided 461,490 sets of imaged copies
and photocopies of land documents to customers through counter searches
and remote orders via DAS. This was 3.2% higher than in 2002/03.
The Land Registry certified 0.7% fewer copies of land records compared
to 2002/03.
Development Projects and New Services
Operations and Customer Focus
Performance Pledges
Customer Focus
Human Resources Development
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