Hong Kong Residential Outstanding Mortgage Hits HKD 1.178 Trillion in August 2017
Hong Kong | 29th September 2017
The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$1,178.1 billion at end-August. The number of mortgage applications in August increased month-on-month by 20% to 10,908.
Mortgage loans drawn down during August decreased by 13.3% compared with July to HK$28.1 billion.
” OUTSTANDING MORTGAGE HITS HKD 1.178 TRILLION “
Mortgage loans approved in August decreased by 10.8% compared with July to HK$30.1 billion. Among these, mortgage loans financing primary market transactions decreased by 20.9% to HK$5.9 billion and those financing secondary market transactions decreased by 7.7% to HK$13.3 billion. Mortgage loans for refinancing decreased by 8.1% to HK$10.8 billion.
Official Press Release by Hong Hong Monetary Authority