Published:
Mortgage loans soar 15.1% MoM in January
The number of mortgage applications in January reached 6,523.
Hong Kong reported a 15.1% MoM rise in the value of residential mortgage loans in January, reaching $21.1b.
Mortgage loans financing primary market transactions grew 20.9% to $6.3b, whilst those financing secondary market transactions rose 26.6% to $11.3b.
Meanwhile, refinancing loans dropped 15.9% to $3.6b. Mortgage loans issued in January increased 29.8% to $16.1b.
The number of mortgage applications in January increased 36.8% MoM to 6,523.
The outstanding value of mortgage loans remained unchanged at $1.8542t by the end of January.
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