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Personal housing mortgage growth hits new high in Shanghai
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15:28, September 16, 2009

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New personal housing mortgages issued by domestic-funded banks hit new high, according to the statistics released by the Shanghai Headquarters of the People's Bank of China (PBOC) on September 11. Total personal housing mortgages in Shanghai increased 17.02 billion yuan in August, 5.59 billion higher than the previous month and 16.72 billion higher than the previous year.

Personal housing mortgage business in Shanghai has reversed picked up its upbeat trend in March again and kept growing with increasing housing transaction.

The Shanghai Headquarters of the PBOC noted that the surge in housing mortgages was mainly the result of the warm luxurious house market.

By People's Daily Online

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