Mortgages slow
By Zhang Fengming |
March 16, 2011, Wednesday
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Print Edition
Print Edition
INDIVIDUAL mortgages in Shanghai slowed in February on the central government's toughest measures to cool the home market.
Banks in Shanghai extended 2.9 billion yuan (US$439 million) of new mortgages in February, against January's 5.69 billion yuan and 7.87 billion yuan a year ago.
In total, banks issued 23 billion yuan of loans in Shanghai last month, down from January's 50.8 billion yuan.
Banks in Shanghai extended 2.9 billion yuan (US$439 million) of new mortgages in February, against January's 5.69 billion yuan and 7.87 billion yuan a year ago.
In total, banks issued 23 billion yuan of loans in Shanghai last month, down from January's 50.8 billion yuan.
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