Hong Kong Residential Outstanding Mortgage Hits HKD 1.186 Trillion in September 2017
Hong Kong | 31st October 2017
The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,186.9 billion at end- September. The number of mortgage applications in September increased month-on-month by 4.3% to 11,376.
Mortgage loans drawn down during September decreased by 1% compared with August to HK$27.8 billion.
” OUTSTANDING MORTGAGE HITS HKD 1.186 TRILLION in Sept 2017 “
Mortgage loans approved in September decreased by 1.7% compared with August to HK$29.5 billion. Among these, mortgage loans financing primary market transactions increased by 6.6% to HK$6.3 billion and those financing secondary market transactions increased by 4.6% to HK$13.9 billion. Mortgage loans for refinancing decreased by 14% to HK$9.3 billion.
Official Press Release by Hong Hong Monetary Authority