MONDAY, APRIL 25, 1994
RESIDENTIAL MORTGAGE SURVEY RESULTS FOR MARCH
THE AMOUNT OF RESIDENTIAL
MORTGAGE LENDING BY 33
SURVEYED
OF
INSTITUTIONS FEBRUARY) FROM
BILLION $224 THE LATEST MONTHLY RESULTS AUTHORITY (HKMA).
GREW BY 1.3
PER
TO
IN CENT
$227 SURVEY OF
MARCH BILLION,
THE
CENT (ONE PER
ACCORDING TO HONG KONG
IN THE
MONETARY
THIS IS THE HIGHEST MONTHLY RATE OF GROWTH
SINCE AUGUST LAST
YEAR.
THE LAST THREE 12.2 WITH
THE ANNUALISED RATE OF GROWTH IN LENDING OVER
PER MONTHS HAS RISKN
COMPARED TO
CENT, 15.1 PER
AVERAGE CENT IN THE THREE MONTH PERIOD TO FEBRUARY. THE TWELVE MONTH
AN AT
ANNUALISED LENDING STANDS
GROWTH RATE OF OUTSTANDING 17.7 PER CENT, HAVING RISEN FROM 17.3 PER CENT IN FEBRUARY.
FIGURES SHOW "THE LATEST
THAT MORTGAGE ACTIVITY
RAPID BUOYANT IN MARCH WITH SOME BANKS CONTINUING TO SHOW LENDING, THE DEPUTY CHIEF EXECUTIVE (BANKING) OF THE HKMA. CARSE, SAID.
**
NEW LOANS APPROVED BUT NOT YET DRAWN ROSE IN BILLION TO $6.7 BILLION.
OF
WAS QUITE GROWTH IN MR DAVID
MARCH
FROM $5.9
LENDING "JUDGING FROM THESE FIGURES, THE AMOUNT OF OUTSTANDING
IN MARCH, MR CARSE SHOULD RISE IN APRIL AT ABOUT THE SAME RATE AS SAID.
[
OF
PROPERTIES IN CHINA, AS REGARDS LENDING FOR THE PURCHASE
PER CENT IN THE LATEST FIGURES SHOW THAT SUCH LENDING ROSE BY 2.2
OF THE INCREASE WAS MARCH, FROM $3.7 BILLION TO $3.8 BILLION. MOST ACCOUNTED FOR BY LOANS FOR THE PURCHASE OF RESIDENTIAL PROPERTIES.
GROSS LOANS MADE IN MARCH ROSE BOTH IN
NUMBERS (TO 256 FROM FROM $101 MILLION). NEW LOANS (TO 336 FROM 223) AND
203) AND IN AMOUNT (TO $134 MILLION APPROVED ALSO GREW IN TERMS OF BOTH NUMBERS AMOUNT (TO $164 MILLION FROM $107 MILLION).
/Residential Mortgage