Hong Kong mortgage loans down 21.2% in April

The number of mortgage applications also dropped by 27.6% to 8,368 applications.

Mortgage loans approved by Hong Kong lenders decreased 21.2% in April, as the number of applications also dwindled, according to data from the Hong Kong Monetary Authority (HKMA).

Loans approved totaled HK$35.4b in April. The number of mortgage applications in April also fell to 8,368 applications, a 27.6% decrease from March’s numbers.

Mortgage to secondary market transactions dropped by 29% to HK$21.3b during the month, whilst mortgages for refinancing also fell by 17.5% to HK$4.4b.

Loans to primary market transactions rose by 0.8% to HK$9.7b.

ALSO READ: Bankers face sluggish hiring market, layoffs in Hong Kong

The outstanding value of mortgage loans increased by 0.2% month-on-month to HK$1.82t as at end-April.

Delinquency ratio remained unchanged at 0.06%.

The rescheduled loan ratio also reportedly remained unchanged at nearly 0%.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit