The value of residential mortgage loans approved in July was $30.6 billion, an 11.2% increase compared with June, the Monetary Authority announced today.
Mortgage loans financing primary market transactions increased 16.4% to $10.8 billion, while those financing secondary market transactions increased 10.5% to $16.6 billion.
Loans for refinancing decreased 0.2% to $3.2 billion.
Mortgage loans drawn down during July amounted to $18.2 billion, a 3% rise from June.
The number of mortgage applications in July rose 4.9% month-on-month to 9,005.
The outstanding value of mortgage loans increased month on month by 0.1% to $1.8873 trillion at end-July.
The Treasury today issued an alert regarding fraudulent emails purportedly sent by it, which seek to obtain recipients’...
The Hong Kong Special Administrative Region Government today welcomed the World Intellectual Property Organization’s na...
The value of total retail sales in July, provisionally estimated at $29.7 billion, was up 1.8% compared with the same mon...
Financial Secretary Paul Chan today witnessed the Government signing a Memorandum of Understanding (MoU) with the World I...