Hong Kong's mortgage loans down 12.9% to $28.3b

Loans financing primary market transactions slump 16.9%.

Mortgage loans approved in January dropped 12.9% month-on-month to $28.3 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions decreased 16.9% to $6.9 billion, while those financing secondary market transactions dropped 10.9% to $13.5 billion.

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