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Article: HONG KONG: NEW MORTGAGE LOANS FALL 16.6%.

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IPR Strategic Business Information Database
Article date:
August 26, 2008
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According to news.gov.hk: New mortgage loans drawn down in July rose 3.6% to $17.3 billion, while new loan approvals fell 16.6% to $18.4 billion, according to the Monetary Authority's latest monthly survey. Approvals for primary market transactions dropped 32.9%, secondary market transactions fell 16.1%, and refinancing loans also dipped 10.2%. The number of new applications fell 14.2%. The proportion of new loans ...

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