HK new mortgage loans drawn down increase in June

Monday, the Hong Kong Monetary Authority said in a report that the value of new residential mortgage loans drawn down increased 34.4 percent month-on-month in June, compared with the 42.5 percent growth in the previous month.

The value of new loans drawn down increased to HK$ 20.4 billion in June from HK$ 15.2 billion in May.

At the same time, the value of new loans approved increased 36.5 percent to HK$ 38.4 billion.

Meanwhile, the outstanding value of mortgage loans increased by 1.2 percent to HK$ 601.1 billion in June, after rising 0.8 percent in May.

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Category: Hong Kong