Hong Kong Residential Outstanding Mortgage Hits HKD 1.199 Trillion in November 2017
Hong Kong | 29th December 2017
The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,199.0 billion at end-November. The number of mortgage applications in November increased month-on-month by 8.7% to 12,265.
Mortgage loans drawn down during November increased by 22% compared with October to HK$26.4 billion.
” OUTSTANDING MORTGAGE HITS HKD 1.1199 TRILLION IN Nov 2017 “
Mortgage loans approved in November increased by 23.1% compared with October to HK$35.8 billion. Among these, mortgage loans financing primary market transactions increased by 16.2% to HK$7.0 billion and those financing secondary market transactions increased by 29.4% to HK$18.7 billion. Mortgage loans for refinancing increased by 17.4% to HK$10.1 billion.
Official Press Release by Hong Hong Monetary Authority