Hong Kong Residential Outstanding Mortgage Hits HKD 1.156 Trillion

Hong Kong | 30th June 2017

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,150.6 billion at end-May.  The number of mortgage applications in May increased month-on-month by 13.8% to 14,825.

Mortgage loans drawn down during May increased by 33.5% compared with April to HK$28.3 billion.

” Outstanding Mortgage Hits HKD 1.156 Trillion “

Mortgage loans approved in May increased by 30.6% compared with April to HK$41.7 billion. Among these, mortgage loans financing primary market transactions increased by 37.8% to HK$8.5 billion and those financing secondary market transactions increased by 25.6% to HK$21.8 billion. Mortgage loans for refinancing increased by 35.6% to HK$11.4 billion.

Official Press Release by Hong Hong Monetary Authority

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