HK drawn down mortgage loans up 3.6pct in June vs May

30-Jul-2012 Intellasia | Reuters | 7:01 AM

New mortgage loans drawn down in Hong Kong totalled HK$20.2 billion ($2.60 billion) in June, up 3.6 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed.

Following is the breakdown of data from the authority: 

  M/M 

  June May percent Change 

  New loans drawn down (HK$ million) 20,150 19,454 +3.6 

  New loans approvals(HK$ million): 

  - Primary market 4,199 4,168 +0.7 

  - Secondary market 14,101 19,709 -28.5 

  - Refinancing 2,947 2,801 +5.2 

  TOTAL 21,247 26,678 -20.4 

  No. of applications (cases) 10,231 14,290 -28.4 

  Outstanding loans (HK$ million): 823,531 815,855 +0.9 

  - Delinquency ratio ( percent) 0.01 0.01 

  - Rescheduled loan ratio ( percent) 0.01 0.01 

  Proportion of new mortgage loans 

  priced with reference to: 

  - best lending rates ( percent) 93.0* 91.2 +1.8 

  - HIBOR (Hong Kong interbank 

  offered rates) ( percent) 4.3 5.4 -1.1 

  *with majority priced within the range of 2.00 and 2.25 

  percent.

($1 = 7.7584 Hong Kong dollars)

http://in.reuters.com/article/2012/07/27/hongkong-mortgages-idINL3E8HQ44I20120727