Reuters logo
Hong Kong drawn down mortgage loans rise 4 pct in Oct vs Sept
November 29, 2012 / 2:56 AM / 5 years ago

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

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below