Hong Kong Residential Outstanding Mortgage Hits HKD 1.205 Trillion in December 2017
Hong Kong | 31st January 2018
The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,205.8 billion ($1.205 trillion) at end-December. The number of mortgage applications in December decreased month-on-month by 14.2% to 10,520.
Mortgage loans drawn down during December decreased by 12.1% compared with November to HK$23.2 billion.
” OUTSTANDING MORTGAGE HITS HKD 1,205.8 TRILLION IN Dec 2017 “
Mortgage loans approved in December decreased by 22.3% compared with November to HK$27.8 billion. Among these, mortgage loans financing primary market transactions decreased by 33.6% to HK$4.7 billion and those financing secondary market transactions decreased by 16.3% to HK$15.6 billion. Mortgage loans for refinancing decreased by 25.6% to HK$7.5 billion.
Official Press Release by Hong Hong Monetary Authority