The value of residential mortgage loans approved in January was $21.1 billion, a 15.1% rise compared with December 2023, the Monetary Authority announced today.
Mortgage loans financing primary market transactions rose 20.9% to $6.3 billion, while those financing secondary market transactions increased 26.6% to $11.3 billion.
Loans for refinancing fell 15.9% to $3.6 billion.
Mortgage loans drawn down during the month increased 29.8% to $16.1 billion.
The number of mortgage applications in January increased 36.8% month-on-month to 6,523.
The outstanding value of mortgage loans remained virtually unchanged, standing at $1.8542 trillion at the end of January.
Presented by the Hong Kong Tourism Board, a stunning ten-minute pyrotechnic display illuminated Victoria Harbour this eve...
The Government announced today that based on the Organisation for Economic Co-operation & Development's (OECD) recomm...
The value of residential mortgage loans approved in March was $19.1 billion, a 6.2% increase compared with February, the ...
Financial Secretary Paul Chan will depart for Tbilisi, Georgia to attend the 57th annual meeting of the Board of Governor...