The Land Registry (LR) today (October 22) released the Land Registry Trading Fund (LRTF) Annual Report 2024/25.
      
     The Land Registrar, Ms Joyce Tam, said, "Due to an overall decrease in revenue from the registration of documents, reports on titles and e-Alert services, our revenue and profit (including interest income) registered a decrease of 4 per cent to $399.4 million and 42.7 per cent to $10.5 million respectively. The LRTF recorded a negative overall financial return on fixed assets of -12.3 per cent. While the revenue income of the LRTF is susceptible to property market conditions, we responded swiftly to tighten control over the operating expenses and enhance operational effectiveness through reprioritisation, internal redeployment and streamlining of work processes."
      
     Ms Tam said that a significant milestone has been reached in preparing the title registration system (TRS) on the new land first ("New Land First" proposal). The Registration of Titles and Land (Miscellaneous Amendments) Bill 2025 was passed by the Legislative Council (LegCo) in September 2025. The Government plans to submit the relevant subsidiary legislation to the LegCo in 2026, with a view to implementing the TRS for new land in the first half of 2027.
      
     The "New Land First" proposal adopts a pragmatic strategy of resolving simple matters first before tackling the difficult ones, allowing for early benefits from the TRS in terms of better assurance and greater certainty of property titles and simplified conveyancing procedures. The LR anticipates that the experience gained from implementing the system for new land will help stakeholders reach a consensus on its progressive extension to existing land.
      
     The LR has launched Tindy, an AI-driven chatbot on the Integrated Registration Information System Online Services website to provide interactive support for land search enquiries. The LR has also collaborated with the Hong Kong Monetary Authority and the Digital Policy Office to develop application programming interface services for financial institutions, enabling timely access to land records and e-Alert notifications for mortgage documents. These initiatives demonstrate the LR's commitment to driving innovative services, enhancing the property market and supporting digital governance.
      
     The report was tabled in the LegCo today. It can also be viewed or downloaded from the LR's website (www.landreg.gov.hk).

Ends/Wednesday, October 22, 2025
Issued at HKT 15:00

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