Article: New mortgage loans rise 12.3 pct in HK

New mortgage loans rise 12.3 pct in HK

HONG KONG, April 25 (Xinhua) -- Hong Kong's new mortgage loans drawn down in March rose 12.3 percent to 20.6 billion HK dollars ( 2.65 billion U.S. dollars), while new loans approved grew 5.2 percent to 24.7 billion HK dollars (3.17 billion U.S. dollars), Hong Kong Monetary Authority said here Friday.

According to the 23 authorized institutions that participate in the authority's monthly survey of residential mortgage lending, the rise was due to an increase in approvals for primary market transactions and refinancing loans.

Approvals for ...

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