XN000022-1992-11-16 — Page 6

MONDAY, NOVEMBER 16, 1992

THE TOTAL AMOUNT SECURED UNDER NEW BUILDING MORTGAGES IN THE MONTH WAS ABOUT $0.37 BILLION COMPARED WITH ABOUT $0.38 BILLION IN OCTOBER, 1991.

THE TOTAL AMOUNT SECURED UNDER NEW MORTGAGES IN THE MONTH OTHER THAN BUILDING MORTGAGES DROPPED BY 44.1 PER CENT FROM ABOUT $10.57 BILLION IN OCTOBER 1991 TO ABOUT $5.91 BILLION IN OCTOBER, 1992.

THE TOTAL AMOUNT ACTUALLY DRAWN DOWN ON BUILDING AND OTHER MORTGAGES AT ANY PARTICULAR TIME MAY BE SIGNIFICANTLY LESS THAN THE TOTAL AMOUNT SECURED.

REPAYMENTS UNDER MORTGAGES OF ALL KINDS, AS EVIDENCED BY DISCHARGES AND MORTGAGEE'S RECEIPTS, DECREASED BY 17.1 PER CENT FROM ABOUT $4.32 BILLION IN OCTOBER, 1991 TO ABOUT $3.58 BILLION IN OCTOBER, 1992.

MEANWHILE, DETAILS OF LAND OFFICE CONSENTS GIVEN TO ENTER AGREEMENTS FOR SALES AND PURCHASES OF UNCOMPLETED BUILDINGS WERE RELEASED.

INTO ALSO

IN OCTOBER, THREE SUCH CONSENTS WERE GRANTED INVOLVING 268 UNITS IN THE URBAN AREAS AND 37 UNITS IN THE NEW TERRITORIES.

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