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The Land Registry Trading Fund Hong Kong
Annual Report 2008-09
Operations and Customer Services
Land Registrar's Statement
Highlights of 2008/09
Organisation Structure
Management Structure
Branch Functions
Services and Workload
Performance Pledges
Customer Services
Development Projects and New Services Future Plan
Recent Development
Future Plan
Legal Services apart from Title Registration Work
Staffing
Management Initiatives
Training and Development
Staff Motivation and Recognition
Staff Relations
Safe Workplace
Knowledge Management
Corporate Citizenship
Future Plan
Service Enhancement to Integrated Registration Information System (IRIS)
IT Security
Future Plan
Financial Objectives
Actual Performance
Forecast
Profit and Loss Account
Balance Sheet
Statement of Changes in Equity
Cash Flow Statement
Notes to the Financial Statements
Annex I - Performance Pledges
Annex II - Land Registry Customer Liaison Group
Sixteenth Year in Review
The Land Registry Trading Fund
Vision, Mission, Values and Functions
Organisation and Management
Operations and Customer Services
Title Registration
Human Resources
IT Services
Financial Management
Report of the Director of Audit to the Legislative Council
Certified Financial Statements
Annex
   
 
HIGHLIGHT

The business volume for both land registration services and search of land records services in 2008/09 fell compared with 2007/08. We met all performance pledges and targets during the year.

In pursuit of excellence in services, we take every opportunity to benchmark our services with best management practices. In conjunction with the Efficiency Unit, we conducted a self-assessment under the Customer Management Assessment Framework (CMA 101). Our services excelled in ten out of 16 assessment areas. In parallel, a comprehensive customer service survey was also conducted in 2008/09 which showed that 90.6 % of our customers are satisfied with our services

To sustain improvement in customer satisfaction, we will continue to enhance our services. A new performance pledge has been implemented for 2009/10. An enhanced version of the e-Memorial Form will be introduced. The Interactive Voice Response System will be revamped to provide a more user-friendly hotline service. A small scale customer service survey will be conducted to tap our customers’ feedback on our services, in particular, the improvements implemented during the year. “Meet the clients” session for our reports-on-title service would be arranged.


Services and Workload


The major services provided by the Land Registry are:
  • registration of land documents;
  • search of land registers;
  • supply of copies of land records;
  • certification of copies of land records; and
  • owners’ corporation services.

(i) Registration of Land Documents

In the financial year of 1 April 2008 - 31 March 2009, a total of 593,328 land documents were lodged for registration, representing a decrease of 25.7% when compared with the previous year. On average, 2,422 documents were lodged for registration each working day.


Number of Land Documents Lodged for Registration from 2006/07 to 2008/09

Year
Total number of documents lodged Increase (decrease) compared with previous year Average number of documents lodged per working day
2006/07
591,968
(10.9%)
2,180
2007/08 799,033 35.0% 3,196
2008/09 593,328 (25.7%) 2,422


Number of Land Documents Lodged for Registration per Month in 2008/09

Apr
May Jun Jul Aug Sep  
71,075

64,449 66,515 65,122 50,540 49,460  
Oct
Nov Dec Jan Feb Mar Yearly Total
46,737 36,785 35,854 33,251 31,996 41,544 593,328


Distribution of Land Documents Lodged for Registration in 2008/09

Nature
Number
Agreements for Sale and Purchase of Building Units
89,801
Agreements for Sale and Purchase of Land 1,709
Assignments of Building Units 130,868
Assignments of Land 5,965
Building Mortgages/Building Legal Charges 103
Other Mortgages/Legal Charges
114,910
Others 249,972
Total 593,328

Over 15% of the documents lodged for registration in 2008/09 were sale and purchase agreements of building units. The number of these agreements is generally regarded as a key indicator of the level of activity in the property market.


Number and Consideration of Sale and Purchase Agreements (SPAs) of Building Units Lodged for Registration from 2006/07 to 2008/09

Year
Total number of SPAs lodged Increase (decrease) compared with
previous year
Average number of SPAs lodged per working day Total consideration of SPAs
(in HK$ million)
2006/07
105,076
(8.8%)
387
344,756
2007/08 160,587 52.8% 642 603,559
2008/09 89,801 (44.1%) 367 312,499


Number and Consideration of Sale and Purchase Agreements of Building Units Lodged for Registration per Month in 2008/09

  Apr
May Jun Jul Aug Sep  
Number 10,945

10,138 11,876 8,930 6,402 7,369  
Consideration
(in HK$ million)
33,509

33,972 57,479 32,697 18,030 23,559  
  Oct
Nov Dec Jan Feb Mar Yearly Total
Number 6,054 3,786 5,437 5,759 5,043 8,062 89,801
Consideration
(in HK$ million)
18,937 10,648 20,516 18,684 15,874 28,594 312,499


Number and Consideration of Sale and Purchase Agreements (SPAs) of Residential Units Lodged for Registration from 2006/07 to 2008/09

Year
Total number of SPAs of residential units lodged Increase (decrease) compared with
previous year
Average number of SPAs of residential units lodged per working day Total consideration of SPAs of residential units (in HK$ million)
2006/07
88,076
(8.5%)
324
255,473
2007/08 137,164 55.7% 549 503,093
2008/09 75,478 (45.0%) 308 261,287


Number and Consideration of Sale and Purchase Agreements of Residential Units Lodged for Registration per Month in 2008/09

  Apr
May Jun Jul Aug Sep  
Number 9,047

8,281 10,205 7,433 5,284 6,075  
Consideration
(in HK$ million)
27,564

26,304 50,431 25,139 14,974 18,733  
  Oct
Nov Dec Jan Feb Mar Yearly Total
Number 4,719 3,264 4,706 4,875 4,487 7,102 75,478
Consideration
(in HK$ million)
16,279 9,007 17,662 16,124 13,622 25,448 261,287


(ii) Search of Land Registers

4,628,256 searches of land registers were made in 2008/09, a 14.2% decrease compared with the previous year. On average, 17,528 searches were handled each working day. More than 88% of the searches were conducted through the IRIS Online Services.


Number of Searches of Land Registers from 2006/07 to 2008/09

Year
Total number of searches Increase (decrease) compared with previous year Average number of searches per working day
2006/07
4,392,580
(2.5%)
16,179
2007/08 5,396,269 22.8% 20,033
2008/09 4,628,256 (14.2%) 17,528


Distribution of Searches of Land Registers from 2006/07 to 2008/09

  Online searches Counter searches
Year
Number Per cent Number Per cent
2006/07
3,811,922
86.8
580,658
13.2
2007/08 4,808,175 89.1 588,094 10.9
2008/09 4,091,126 88.4 537,130 11.6


(iii) Supply of Copies of Land Records

In 2008/09, the Land Registry provided 648,206 sets of imaged copies and photocopies of land records to customers, a 8% decrease compared with the previous year.


Number of Sets of Imaged Copies and Photocopies of Land Records Supplied from 2006/07 to 2008/09

Year
Total number of sets of imaged copies and photocopies supplied Increase (decrease) compared with previous year Average number of sets of imaged copies and photocopies supplied per working day
2006/07
648,326
(3.3%)
2,388
2007/08 704,873 8.7% 2,693
2008/09 648,206 (8.0%) 2,646


(iv) Certification of Copies of Land Records

In 2008/09, the Land Registry certified 124,576 copies of land records, a 26.7% decrease compared with the previous year.


Number of Copies of Land Records Certified from 2006/07 to 2008/09

Year
Total number of copies of land records certified Increase (decrease) compared with previous year Average number of land records certified per working day
2006/07
136,434
(1.6%)
503
2007/08 169,972 24.6% 680
2008/09 124,576 (26.7%) 508


(v) IRIS Online Services

Since February 2005, we have been providing search services over the internet (IRIS Online Services) for 16 hours a day, seven days a week.

By the end of March 2009, the number of subscribers to the IRIS Online Services reached 740. Searches conducted online constituted about 90% of the total search volume. Searches by ad hoc users by means of credit cards and Payment-by-phone Service (PPS) constituted about 20% of all online searches.


(vi) Staff Productivity

For registration service, the output per man-day increased from an average of 36 for 2007/08 to 44 for 2008/09. For the counter search, the outputs per man-day for search of land registers remained steady at 94 and for imaged copies have increased from 83 to 87.

Output per man-day for counter search
					
2007/08
Instruments registered 36
Land register search 94
Imaged instruments 83

2008/09
Instruments registered 44
Land register search 94
Imaged instruments 87


(vii) New Territories Search Offices

In February 2005, the Land Registry launched the new IRIS Online Services. After two years of operation with the new services, we carried out reviews of the use of all the New Territories Search Offices in 2007/08. After review, North and Sai Kung Search Offices were closed on 16 April 2007 and Tuen Mun Search Office on 5 May 2008.

At the beginning of 2009 we carried out another review of the use of the remaining Search Offices in the New Territories. Demand for services at the Sha Tin Search Office had remained at a low level, and in light of this, we decided to close the Sha Tin Search Office with effect from 4 May 2009.

Counter search services continue to be provided at our Central Search Office in Queensway Government Offices and the District Search Offices at Tai Po, Yuen Long and Tsuen Wan. Customers can also conduct internet searches at www.iris.gov.hk.

After closure, the owners’ corporation services of North, Sai Kung and Sha Tin districts previously provided at Sha Tin Search Office were taken up by the Tai Po Search Office.

All customers and stakeholders, including owners’ corporations in North, Sai Kung and Sha Tin districts, were informed of the new arrangements before closure of the search office.


(viii) Owners’ Corporation Services

The Land Registry is responsible for registration of owners’ corporations and search of owners’ corporation records under the Building Management Ordinance. The Ordinance, which falls within the policy jurisdiction of the Home Affairs Bureau, aims to enable owners of multi-storey buildings to establish owners’ corporations to deal with building management matters. During the year, 277 new owners’ corporations have been formed, representing about 3.2% of the total number of owners’ corporations (8,726).