Published:
Mortgage loans in Hong Kong up 33.9% to $37b in March
The number of mortgage applications increased 57.5% to 15,603.
Mortgage loans approved in March rose 33.9% month-on-month to $37 billion, the Monetary Authority said.
Mortgage loans financing primary market transactions increased 9% to $7.5 billion, while those financing secondary market transactions grew 46.5% to $19 billion. Those for refinancing rose 35% to $10.4 billion.
Mortgage loans drawn down during the month increased 17.8% to $24.9 billion.
The number of mortgage applications increased 57.5% to 15,603.
The outstanding value of mortgage loans rose 0.6% month-on-month to $1.1371 trillion at the end of March.
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