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HK'S NEW RESIDENTIAL MORTGAGE LENDING RISES TO 11-MONTH HIGH.
HONG KONG, Oct 1 Asia Pulse - New residential mortgage lending in Hong Kong rose to an eleven-month high in August, with the value of new loans drawn down during the month rising by 13.6 per cent to HK$7.6 billion (US$982.02 million), according to the latest monthly survey by the Hong Kong Monetary Authority (HKMA).
In a statement, HKMA said new approvals declined by 32.3 per cent following the strong growth in the previous month, with most of the reduction coming in primary market transactions.
New applications also fell by 29.7 per cent.
The proportion of new approvals ...
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Source: HighBeam Research, HK'S NEW RESIDENTIAL MORTGAGE LENDING RISES TO 11-MONTH HIGH.