101 views
Photo from Manson Yim on Unsplash

Mortgage loans value drop 15% MoM to $17.9b in February

The outstanding value of mortgage loans remained virtually unchanged at $1.85t. 

Residential mortgage loans approved in February decreased by 15% month-on-month (MoM) to $17.9b,  the Monetary Authority announced.

Mortgage loans financing primary market transactions fell by 15% to $5.3b, whilst those financing secondary market transactions amounted to $9.6b, representing a 15.2% dip.

In addition, loans for refinancing declined 14.3% to $3.1b.

Total mortgage applications in February fell 22.3% MoM to 5,070.

 

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!

Top News

Grade A office rent dips 2.5% QoQ in 1Q24
Major submarkets like Island East experienced decline in rents.
SME workers eye 3.8% salary hike in 2024: Prudential
Whilst pay was cited as the top factor to remain in their job, the survey also noted the importance of non-financial benefits for SME workers.
HR & Education