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Article: HK's new mortgage loans rise 15.7 pct in February
- Article from:
- Xinhua News Agency
- Article date:
- March 25, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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HK's new mortgage loans rise 15.7 pct in February
HONG KONG, March 25 (Xinhua) -- New mortgage loans drawn down
during February rose 15.7 percent, to 7.1 billion HK dollars (916.
7 million U.S. dollars), compared with January, the Monetary
Authority of Hong Kong announced on Wednesday.
New loans approved in the month rose 1.5 percent to 11.4 billion
HK dollars. The increase was due to increases of 200 million HK
dollars, or 2.8 percent up in approvals for secondary- market
transactions and of 200 million HK dollars, or 23.5 percent up for
refinancing loans.
The increases offset a decrease ...