Hong Kong drawn down mortgage loans rise 4 pct in Oct vs Sept

Wed Nov 28, 2012 9:52pm EST

Related Topics

HONG KONG, Nov 29 (Reuters) - New mortgage loans drawn down
in Hong Kong totalled HK$19 billion ($2.45 billion) in October,
up 4.1 percent from a month earlier, according to Hong Kong
Monetary Authority (HKMA) data. 
    Following is the breakdown of data from the authority:
                                                      M/M
                                  October  September  Pct Change
New loans drawn down (HK$ mln)    19,032    18,284        4.1
         
New loans approvals(HK$ mln): 
  - Primary market                 3,943     2,767       42.5
  - Secondary market              17,785    16,651        6.8
  - Refinancing                    2,980     2,984       -0.1
  TOTAL                           24,708    22,401       10.3
     
No. of applications (cases)       13,098    12,227        7.1
         
Outstanding loans (HK$ mln):     848,123   842,014        0.7
  - Delinquency ratio (pct)         0.01      0.01
  - Rescheduled loan ratio (pct)    0.01      0.01
          
Proportion of new mortgage loans
  priced with reference to:
  - best lending rates (pct)       93.1*      94.4       -1.3
  - HIBOR (Hong Kong interbank
     offered rates) (pct)           4.5        2.9        1.6
  *with majority priced within the range of 2.00 and 2.25
percent.
($1 = 7.7502 Hong Kong dollars)
    
    

 (Reporting by Christina Lo and Twinnie Siu; Editing by Kim
Coghill)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.