View from Victoria Peak, Hong Kong

Hong Kong Residential Outstanding Mortgage Hits HKD 1.137 Trillion 

Hong Kong | 28th April 2017

Mortgage loans approved in March increased by 33.9% compared with February to HK$27 billion.  Among these, mortgage loans financing primary market transactions increased by 9% to HK$7.5 billion and those financing secondary market transactions increased by 46.5% to HK$19 billion.

Outstanding Mortgage Hits HKD 1.137 Trillion

Mortgage loans for refinancing increased by 35% to HK$10.4 billion.  The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,137.1 billion at end-March.

Official Press Release by Hong Hong Monetary Authority

Join the Rise of Asia.  Share a Story, Article or Photo here.  For Press Release, visit here.

About The Wealth Times

The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people.

Where should you invest your capital for the next decade?  Which are the fastest growing companies in Asia?  Which is the most exciting sector to be in?  Which are the top cities to be in?  Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?