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.
Chief Executive John Lee will lead a Hong Kong Special Administrative Region delegation on a visit to three Association o...
Financial Secretary Paul Chan today announced the reappointment of Eddie Yue as Hong Kong Monetary Authority (HKMA...
Chief Executive John Lee will lead a delegation to visit three member states of the Association of Southeast Asian Nation...
Hong Kong can leverage its unique advantages under “one country, two systems” to grow its business in Southeast Asia....