Home » Business » Real Estate
Slower growth
By Jane Feng |
October 18, 2012, Thursday
|
Print Edition
Print Edition
NEW home loans in Shanghai rose slower in September as new home sales fell in July from a 17-month peak.
Banks in Shanghai granted 3.76 billion yuan (US$601 million) in new mortgages last month, 270 million yuan more than a month earlier and 3.42 billion yuan more than a year earlier, the Shanghai headquarters of the People's Bank of China said in a statement yesterday. The growth was slower than a 1.68 billion yuan gain in new mortgages in August from July. It can take banks over a month to extend a mortgage once an application is submitted, so the mortgage data is a lagging indicator of the housing market.
Banks in Shanghai granted 3.76 billion yuan (US$601 million) in new mortgages last month, 270 million yuan more than a month earlier and 3.42 billion yuan more than a year earlier, the Shanghai headquarters of the People's Bank of China said in a statement yesterday. The growth was slower than a 1.68 billion yuan gain in new mortgages in August from July. It can take banks over a month to extend a mortgage once an application is submitted, so the mortgage data is a lagging indicator of the housing market.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
