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New mortgage lending stayed at a high level in December, according to the Monetary Authority's monthly survey of residential lending.
The value of new loans drawn down, at $13.8 billion, was similar to the previous month, while the value of new loans approved increased slightly, to $15.1 billion.
About 87% of these approvals were priced at more than 2.5% below the best lending rate.
The outstanding value of loans increased to $527.9 billion. The delinquency ratio fell to 0.38%.
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