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