Hong Kong Business News
香港商業資訊
MORTGAGE LOANS DOWN 15%
28-3-2024
The value of residential mortgage loans approved in February was $17.9 billion, a 15% drop compared with January, the Monetary Authority announced today.
Mortgage loans financing primary market transactions decreased 15% to $5.3 billion, while those financing secondary market transactions dipped 15.2% to $9.6 billion.
Loans for refinancing fell 14.3% to $3.1 billion.
Mortgage loans drawn down during the month dropped 29% to $11.4 billion.
The number of mortgage applications in February declined 22.3% month-on-month to 5,070.
The outstanding value of mortgage loans remained virtually unchanged, standing at $1.8533 trillion at the end of February.
PREVIOUSNEXT
Latest Business News
最新商業資訊
HK prepared for holiday visitor surge 9-4-2025
The Culture, Sports & Tourism Bureau today convened a meeting to co-ordinate the preparations for visitor arrivals to...
Economic activities domain launched 9-4-2025
The Government today announced a domain of economic activities that comprises manufacturing and new industrialisation-rel...
Strategic firms establish HQ in HK 8-4-2025
A new batch of 18 strategic enterprises, in the presence of Financial Secretary Paul Chan, committed to establishing glob...
Enhanced strategy to counter tariffs 8-4-2025
(To watch the full media session with sign language interpretation, click here.)
Chief Executive John Lee to...