Residential mortgage loans approved in December fell 20.7% compared with the previous month to $23.5 billion, the Monetary Authority announced today.
Mortgage loans financing primary market transactions decreased 25.2% to $6.5 billion while those financing secondary market transactions dropped 12.5% to $7.7 billion.
Those for refinancing fell 23.3% to $9.3 billion.
Mortgage loans drawn down during the month decreased 17.6% to $21.3 billion.
The number of mortgage applications in December fell 21.2% month-on-month to 7,435.
The outstanding value of mortgage loans increased 0.4% month-on-month to $1.3113 trillion at the end of December.
from news.gov.hk - Business & Finance http://www.news.gov.hk/eng/2019/01/20190131/20190131_180822_939.html
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