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Article: HONG KONG: MORTGAGE LOANS UP 25.5%.

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IPR Strategic Business Information Database
Article date:
April 28, 2009
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According to news.gov.hk: New loans drawn down in March rose 25.5% to $8.9 billion, according to the Monetary Authority's monthly survey of residential mortgage lending. New approvals grew 46% to $16.7 billion. Approvals for primary-market transactions rose $2.1 billion or 106.8%, secondary-market transactions grew by $2.8 billion or 33.1%, and approvals for refinancing loans rose by $400 million or 39.4%. The number of new applications rose to 13,261 compared with 8,445 in February. Nearly 50% of ...

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