HK RECORDS 7.1 PCT DROP IN NEW MORTGAGE LOANS IN FEB. (30-MAR-05) AsiaPulse News

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HK RECORDS 7.1 PCT DROP IN NEW MORTGAGE LOANS IN FEB.

Publication: AsiaPulse News

Publication Date: 30-MAR-05

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HONG KONG, March 30 Asia Pulse - The number of new mortgage loans drawn down during February decreased 7.1 per cent, although the value of these loans rose 2.9 per cent to 12.8 billion HK dollars (US$1.64 billion), the Hong Kong Monetary Authority said Tuesday.

New loans approved dropped...

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