THURSDAY, MARCH 24, 1994
2
RESIDENTIAL MORTGAGE SURVEY RESULTS FOR FEBRUARY
THE
LOANS DECELERATED OF THE
GROWTH
OF RESIDENTIAL. MORTGAGE RATE SLIGHTLY IN FEBRUARY, ACCORDING TO THE LATEST MONTHLY SURVEY HONG KONG MONETARY AUTHORITY (HKMA}.
PER
MORTGAGE LENDING BY THE 33 THE
OF RESIDENTIAL AMOUNT INSTITUTIONS IN THE SURVEY GREW BY 1.0 PER CENT IN FEBRUARY (1.2 CENT IN JANUARY), FROM $221.7 BILLION TO $224 BILLION.
THIS IS BELOW THE AVERAGE MONTHLY GROWTH RATE OF 1.5 PER OVER THE LAST 12 MONTHS.
CENT
SEASONAL "THE FEBRUARY FIGURES SEEM TO HAVE BEEN INFLUENCED BY
ANNOUNCED BY FACTORS AS WELL AS BY THE FURTHER TIGHTENING MEASURES CERTAIN BANKS IN JANUARY, THE DEPUTY CHIEF EXECUTIVE (BANKING) OF THE HKMA, MR DAVID CARSE, SAID.
++
HOWEVER, "SOME
BANKS, LENDING IN FEBRUARY," HE SAID.
SAW CONTINUED RAPID
GROWTH
IN THEIR
THE THREE-MONTH MOVING AVERAGE OF OUTSTANDING LENDING HAS RISEN
PER CENT (ANNUALISED), COMPARED WITH 12.0 PER
то 12.2 THREE-MONTH PERIOD TO JANUARY.
CENT IN THE
THE
12-MONTH
AVERAGE
OF OUTSTANDING
LENDING
STANDS
AT AN 16.1 PER
ANNUALISED GROWTH RATE OF 17.3 PER CENT, HAVING RISEN FROM CENT IN JANUARY.
NEW LOANS APPROVED BUT NOT YET DRAWN FELL IN FEBRUARY FROM $6.5 BILLION TO $5.3 BILLION.
THESE
FIGURES, I EXPECT
THAT
AMOUNT
OF AS IN
THE "JUDGING FROM OUTSTANDING LENDING WILL RISE IN MARCH AT ABOUT THE SAME RATE FEBRUARY," MR CARSE SAID.
A RENEWED UPSURGE IN DEMAND BY BORROWERS "HOWEVER,
HE SAID. RULED OUT AND BANKS SHOULD THEREFORE REMAIN CAUTIOUS,
CANNOT BE
"I
AS REGARDS LENDING FOR THE PURCHASE OF PROPERTIES IN CHINA, THE
BY 1.5 THAT SHOW LATEST
PER CENT SUCH LENDING ROSE FIGURES FEBRUARY, FROM $3.66 BILLION TO $3.71 BILLION.
IN
THE
INCREASE WAS
ENTIRELY ATTRIBUTABLE PURCHASE OF RESIDENTIAL PROPERTIES.
TO
LOANS FOR
THE
GROSS LOANS MADE IN FEBRUARY FELL BOTH IN NUMBERS (FROM 307 203) AND IN AMOUNT (FROM $116 MILLION TO $101 MILLION).
ΤΟ
NEW LOANS APPROVED ALSO DROPPED IN TERMS OF BOTH NUMBERS 435 TO 223) AND AMOUNT (FROM $198 MILLION TO $107 MILLION).
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