HK New mortgage loans drawn down increase in September

29-Oct-2009 Intellasia | RTT News | 7:01 AM Print This Post

Tuesday, the Hong Kong Monetary Authority said in a report that the new mortgage loans drawn down rose 17% month-on-month in September, compared to the 23.3% fall in the previous month.

The value of new mortgage loans drawn down stood at HK$23.3 billion in September, up from HK$19.9 billion in August.

At the same time, the value of new loans approved fell 2.5% to HK$33.3 billion. The decline was mainly due to reduction of 24.6% in primary market transactions and 3.4% approvals for secondary market transactions, the HKMA said.

Meanwhile, the outstanding value of mortgage loans increased by 1.3% to HK$626.0 billion in September.

The mortgage delinquency ratio and the rescheduled loan ratio remained unchanged at 0.05% and 0.11% respectively in September, the HKMA added.


Category: Hong Kong

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