Hong Kong Residential Outstanding Mortgage Hits HKD 1.1902 Trillion in October 2017
Hong Kong | 30th November 2017
The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,190.2 billion at end-October. The number of mortgage applications in October decreased month-on-month by 0.8% to 11,280.
Mortgage loans drawn down during October decreased by 22% compared with September to HK$21.6 billion.
” OUTSTANDING MORTGAGE HITS HKD 1.1902 TRILLION IN Oct 2017 “
Mortgage loans approved in October decreased by 1.6% compared with September to HK$29.1 billion. Among these, mortgage loans financing primary market transactions decreased by 4.5% to HK$6.0 billion and those financing secondary market transactions increased by 3.6% to HK$14.4 billion. Mortgage loans for refinancing decreased by 7.4% to HK$8.6 billion.
Official Press Release by Hong Hong Monetary Authority