II
Residential Mortgage Loans in Hong Kong Results of Survey for July 1996
Jul
Jun
1996 HK$ Mn
1996 HK$ Mn
33 authorised institutions
1. Outstanding lending
a. Amount
b. Monthly change
c. Twelve-month change
302,996
297,515
1.5% **
1.4%
16.5% **
16.1%
d. Average change (annualized)
Latest three months
17.7% **
18.0%
Latest twelve months
16.6% **
16.1%
Associated with co-financing schemes
- amount
9,182
7,986
number
4930
4292
2. Gross loans made during month
a. Amount
b. Number
17,659 11873
14,627
9280
3. New loans approved during month
a. Amount
17,065
15,636
b. Number
11207
10055
By property age
Property age - 15 years or below
amount
14,186
13,215
number
9006
8230
Property age - above 15 years
- amount
2,879
2,421
number
2201
1825
Associated with co-financing schemes
amount
903
1,019
- number
434
476
4. New loans approved during month
but not yet drawn
a. Amount
b. Number
10,696 6887
11,109 7099
Note: ** Adjusted for the effect of reclassification of residential mortgage
loans by an institution amounting to HK$0.9 billion.