Housing Loans For Shanghai Buyers Tumble
By Maggie Zhang |
June 12, 2010, Saturday
|
Print Edition
Print Edition
HOUSING loans in Shanghai further tumbled in May, the Shanghai headquarters of the central bank said yesterday.
Banks in Shanghai extended 5.69 billion yuan (US$833 million) of individual housing loans last month, down 2.62 billion yuan from April, the Shanghai headquarters of the People's Bank of China said yesterday.
Among the May housing loans, 2.41 billion yuan was extended to new homes while the remainder was for used homes.
China rolled out a basket of tightening measures on the home market in mid-April, including tighter measures on home loans, in a bid to cool the market.
Banks in Shanghai extended 5.69 billion yuan (US$833 million) of individual housing loans last month, down 2.62 billion yuan from April, the Shanghai headquarters of the People's Bank of China said yesterday.
Among the May housing loans, 2.41 billion yuan was extended to new homes while the remainder was for used homes.
China rolled out a basket of tightening measures on the home market in mid-April, including tighter measures on home loans, in a bid to cool the market.
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