Newspaper article from our research archive:
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NEW MORTGAGE LOANS FALL 16.6%
- Article from:
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Info-Prod Research (Middle East)
- Article date:
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August 26, 2008
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Copyright informationCopyright 2008 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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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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