XN000022-1994-04-25 — Page 4

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