Shanghai's new personal housing mortgage loans hit 33.81 billion yuan in the first quarter, up 31.13 billion yuan year-on-year, according to the Shanghai headquarter of the People's Bank of China, sina.com.cn reported.
That is 11 times more than in the first quarter of 2009. Among the loans, 16.2 billion yuan is for newly built apartments and 17.62 billion yuan for second-hand homes.
