►
26 -
"However, given signs of increased activity in both the primary and secondary market in August, the growth of outstanding loans may pick up again in September," said Mr Carse.
The amount of residential mortgage loans associated with co-financing schemes accounted for 3.1% of total mortgage lending of the 33 surveyed institutions at end- August. Of the $11.9 billion new loans approved during August, about 84% were accounted for by properties aged 15 years or below.
Lending for the purchase of properties in China increased by 1.1% to $5.8 billion in August. Gross loans made in August increased in number (to 346 from 344) but decreased in amount (to $165 million from $235 million). New loans approved in August decreased in number (to 338 from 370) and in amount (to $238 million from $269 million).
No comments yet.
Private notes are available after approval.