, Hong Kong
Logo from HKMA

Mortgage loans up by 29.1% to $34.2b MoM

But loans for refinancing dipped by 8.8%.

Residential mortgage loans in Hong Kong increased by 29.1% to $34.2b in February from $26.5b last January. 

The city's Monetary Authority also recorded a 32.4% month-over-month increase in the number of mortgage applications in the same month to 9,719 from 7,342.

Mortgage loans financing primary market transactions grew by 18.4% to $7.7b from $6.5b, whilst those financing secondary market transactions rose 47.5% to $21.6b from $14.7b.

READ MORE: Heads up tenants: Housing Authority announces rates concession starting April

Mortgage loans drawn down during February increased by 0.6% to $17.3b from $17.2b.

However, loans for refinancing dipped 8.8% to $4.8b in February from $5.3b in January.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!