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Article: New mortgage loans in HK slip 7.1 pct in February

Article from:
Xinhua News Agency
Article date:
March 29, 2005
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New mortgage loans in HK slip 7.1 pct in February

HONG KONG, March 29 (Xinhua) -- The number of new mortgage loans drawn down during February decreased 7.1 percent, although the value of these loans rose 2.9 percent to 12.8 billion HK dollars (1.64 billion US dollars), the Hong Kong Monetary Authority said Tuesday.

New loans approved dropped 11.2 percent to 13.1 billion HK dollars (1.68 billion US dollars). The fall was due to the decrease in approvals for primary market transactions, which fell 17.8 percent, and ...

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