Thursday, March 27, 2008

Hong Kong's new mortgage loans decrease 22.3% m/m in February.

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Hong Kong's new mortgage loans decrease 22.3% m/m in February. According to Hong Kong 's Monetary Authority, new mortgage loans drawn down in February declined by 22.3% m/m to HKD 18.4bn. New loan approvals declined by 20.2% m/m to HKD 23.5bn, while the number of new applications declined by 33.3% m/m. New loans approved at more than 2.5% below the best lending rate decreased to 89% in February from 90.6% in January. The total outstanding value of mortgage loans increased by 0.8% m/m to HKD 569.9bn.

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Hong Kong's new mortgage loans decrease 22.3% m/m in February.

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