Published:
Mortgage loan approvals up 27.7% in November
Mortgage loans for primary market transactions also rose 46.2% to $7.9b.
Residential mortgage loans approved in November totalled $24.2b, a 27.7% increase from October, according to the the Hong Kong Monetary Authority.
Mortgage loans for primary market transactions rose 46.2% to $7.9b, whilst secondary market transactions increased 20.3% to $13.7b. Refinancing loans grew 20.1% to $2.6b.
Loans drawn down in November decreased 5.2%, totalling $10.6b. The number of mortgage applications rose 9.7% to 7,995.
The outstanding value of mortgage loans decreased by 0.1% to $1.871t at the end of November.
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