XN000022-1994-06-27 — Page 2

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