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