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The closing date for submission of tenders is noon on October 11, 1996 (Friday).
Tender form, tender notice and conditions can be obtained from the Lands Department, 14th floor, Murray Building, Garden Road and the District Lands Office, Kowloon West, 10th floor, Yau Ma Tei Car Park Building, 250 Shanghai Street, Kowloon.
Tender plans can also be inspected at these offices.
End
Residential Mortgage Survey results for August released
The growth of residential mortgage loans for the purchase of properties in Hong Kong slowed in August, according to the results of the latest monthly survey conducted by the Hong Kong Monetary Authority (HKMA).
The latest figures show that the total amount of outstanding mortgage lending by the 33 institutions in the survey increased by 0.6% in August (1.5% in July) to $304.8 billion. The growth rate is substantially below the monthly average of 1.4% over the last twelve months.
"Loan growth eased in August, reflecting the reduced activity in the primary property market in the preceding month," said Deputy Chief Executive of HKMA, Mr David Carse.
The annualised rate of growth in lending over the last three months decreased to 14.3% from 17.7% in the three-month period to July. The 12-month average of outstanding loans showed an annualised growth rate of 16.2%, compared with 16.6% in July.
The amount of new loans approved but not yet drawn further reduced by $2.6 billion (24.3%) to $8.1 billion in August.
"The decrease in new loans approved partly reflects a reduction in mortgage refinancing during the month.
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