MORTGAGE LOANS UP 15.1%

29-2-2024

gov_rss

The value of residential mortgage loans approved in January was $21.1 billion, a 15.1% rise compared with December 2023, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 20.9% to $6.3 billion, while those financing secondary market transactions increased 26.6% to $11.3 billion.

Loans for refinancing fell 15.9% to $3.6 billion.

Mortgage loans drawn down during the month increased 29.8% to $16.1 billion.

The number of mortgage applications in January increased 36.8% month-on-month to 6,523.

The outstanding value of mortgage loans remained virtually unchanged, standing at $1.8542 trillion at the end of January.




PREVIOUSNEXT

Latest Business News

最新商業資訊


Kevin Yeung views artworks  20-4-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung today visited Ambassador for Cultural Promotion Xu Bing's art exh...


Market access measures welcomed  19-4-2024

gov_rss

The Hong Kong Special Administrative Region Government warmly welcomed the measures announced by the China Securities Reg...


HK can help mainland firms thrive: FS  19-4-2024

gov_rss

Financial Secretary Paul Chan concluded his trip to Suzhou today by visiting an enterprise that engages in in hydrogen po...


Chinese culture festival set  18-4-2024

gov_rss

The inaugural Chinese Culture Festival (CCF) will be held from June to September, presenting various performing ar...