News
RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong
view(s)

Mortgage loans in Hong Kong up 33.9% to $37b in March

The number of mortgage applications increased 57.5% to 15,603.

Mortgage loans approved in March rose 33.9% month-on-month to $37 billion, the Monetary Authority said.

Mortgage loans financing primary market transactions increased 9% to $7.5 billion, while those financing secondary market transactions grew 46.5% to $19 billion. Those for refinancing rose 35% to $10.4 billion.

Mortgage loans drawn down during the month increased 17.8% to $24.9 billion.

The number of mortgage applications increased 57.5% to 15,603.

The outstanding value of mortgage loans rose 0.6% month-on-month to $1.1371 trillion at the end of March.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.