1
MONDAY, JUNE 27, 1994
RESIDENTIAL MORTGAGE SURVEY RESULTS FOR MAY
OF
THE MONETARY
THE PURCHASE MAY, ACCORDING то THE HONG KONG
THE AMOUNT OF RESIDENTIAL MORTGAGE LOANS FOR PROPERTIES IN HONG KONG CONTINUED TO RISE IN
LATEST MONTHLY SURVEY OF RESULTS OF THE AUTHORITY (HKMA).
OUTSTANDING SURVEY GREW BY 1.75 ΤΟ $230.9 BILLION
THE LATEST FIGURES SHOWED THAT THE TOTAL AMOUNT OF MORTGAGE LENDING BY THE 33 INSTITUTIONS IN THE PER CENT IN MAY (1.74 PER
APRIL)
$235.0 BILLION.
CENT
IN
FROM
FROM
17.7
THE ANNUALISED RATE OF GROWTH IN LENDING OVER
ΤΟ RISEN
21.1 PER CENT MONTHS HAS THREE-MONTH PERIOD TO APRIL.
THE LAST THREE IN THE CENT
PER
HAS GROWN AT
THE TWELVE MONTH AVERAGE OF OUTSTANDING LENDING AN ANNUALISED RATE OF 17.9 PER CENT, COMPARED WITH THE GROWTH OF PER CENT IN APRIL.
A
17.7
OF AMOUNT END OF APRIL
UNDRAWN AND THIS
AS NOTED LAST MONTH,
SUBSTANTIAL COMMITMENTS REMAINED IN THE PIPELINE AT THE HELPS TO EXPLAIN PART OF THE GROWTH IN LENDING IN MAY.
BREN SOME SLOWING DOWN IN DURING MAY THERE APPEARS TO HAVE LOAN APPLICATIONS WHICH HAS CONTINUED INTO JUNE.
REFLECTING THIS TREND, NEW LOANS APPROVED FELL IN MAY FROM $6.3 BILLION TO $5.0 BILLION.
H
JUDGING FROM THESE FIGURES,
+1
BUT NOT YET DRAWN
(BANKING)
LENDING OF
THE RATE OF GROWTH OF
EXECUTIVE THE DEPUTY CHIEF SHOULD BE SLOWER IN JUNE, THE HKMA, MR DAVID CARSE, SAID TODAY (MONDAY).
OF PROPERTIES IN CHINA,
AS REGARDS LENDING FOR THE PURCHASE THE LATEST FIGURES SHOW THAT SUCH LENDING ROSE BY 2.2 PER CENT IN MAY,
ΤΟ FROM $3.86 BILLION ACCOUNTED FOR BY LOANS FOR THE PURCHASE OF RESIDENTIAL PROPERTIES.
$3.94
BILLION.
MOST OF THE
INCREASE
WAS
277)
APPROVED BUT FELL IN
GROSS LOANS MADE IN MAY ROSE BOTH IN NUMBERS (TO 295 FROM AND IN AMOUNT (TO $142 MILLION FROM $110 MILLION). NEW LOANS GREW IN AMOUNT (TO
$250 MILLION
NUMBERS (TO 567 FROM 705).
FROM
$219
MILLION}
/Residential Mortgage