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Hong Kong’s mortgage loan applications, approvals rose in July
Mortgage loans for primary market and secondary market transactions both increased.
Mortgage loans approved in Hong Kong rose by 11.2% in July to HK$30.6b, according to data from the Hong Kong Monetary Authority (HKMA).
Mortgage loans for primary market transactions increased by 16.4% to HL$10.8b, whilst those financing secondary transactions climbed 10.5% to HK$16.6b.
Mortgage loans for refinancing dipped 0.2% to HK$3.2b
The number of mortgage applications in July rose to 9,005, 4.9% higher than a month earlier.
Outstanding value of mortgage loans rose 0.1% month-on-month to HK$1.89t by end-July.
The mortgage delinquency ratio stood at 0.13%.
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