FINANCIAL SERVICES | Staff Reporter, Hong Kong

Approved mortgage loans drop 33.7%

New applications declined 22.6% amidst fall in transaction volume in both June and July.

A report said, “There were $20.2 billion in new mortgage loans drawn down in July, a fall of 16% on June.”

The report added that approvals for primary and secondary market transactions dropped by $1 billion (26.4%) and $6.3 billion (34.7%), while those for refinancing went down $1.6 billion (35.6%).

View the report here.

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