The balance of loans to Shanghai real estate developers came to RMB 233 billion in the first quarter of 2009, guandian.cn reported May 14 quoting statistics from the China Banking Regulatory Commission's Shanghai Bureau. New loans to developers accounted for 82.3% of all new real estate loans in the first quarter of this year.
The balance of loans for residential housing purchases stood at RMB 312.8 billion at the end of the first quarter.