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Article: HONG KONG: NEWLY APPROVED MORTGAGE LOANS UP 63%.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- April 25, 2006
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According to news.gov.hk: The value of new mortgage loans drawn down during March were little changed from February, at $7.5 billion. But new loans approved rose 63% to $12.6 billion. The approvals for refinancing loans recorded a 162.3% increase in value, up $1.5 billion, reflecting intense competition in the market, the Monetary Authority said. The approvals for primary and secondary market transactions rose 76.6% (up $0.9 billion) and 44.4% (up $2.5 billion). The number of new applications also shot ...