Mortgages fall in Q1
By Cao Qian |
April 29, 2014, Tuesday
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Print Edition
Print Edition
THE Shanghai Provident Fund Management Center said yesterday that it extended 12.45 billion yuan (US$2 billion) in mortgages in the first quarter of this year, down an annual 15.1 percent. It was the third straight quarterly drop amid a cooler buying sentiment, limits on credit at banks and a seasonal impact from the Spring Festival holiday, the center said. During the three-month period, 32,500 households received public housing loans, an annual drop of 14.4 percent.
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