December 27, 2013 / 9:52 AM / 4 years ago

Hong Kong drawndown mortgage loans fall 0.4 pct in Nov vs Oct

HONG KONG, Dec 27 (Reuters) - New mortgage loans drawn down
in Hong Kong totalled HK$11.2 billion ($1.44 billion) in
November, down 0.4 percent from a month earlier, Hong Kong
Monetary Authority (HKMA) data showed on Friday.
    Following is the breakdown of data from the authority:
                                                        M/M
                                    Nov      Oct     Pct Change
New loans drawn down (HK$ mln)    11,162    11,207      -0.4
                    
New loans approvals(HK$ mln): 
  - Primary market                 3,457     3,557      -2.3
  - Secondary market               8,036     8,568      -6.2
  - Refinancing                    3,090     2,789      10.8
  TOTAL                           14,602    14,915      -2.1
                  
No. of applications (cases)        7,567     8,587     -11.9
                     
Outstanding loans (HK$ mln):     903,633   901,894       0.2
  - Delinquency ratio (pct)         0.02      0.01
  - Rescheduled loan ratio (pct)    0.00      0.00
                 
Proportion of new mortgage loans
  priced with reference to:
  - best lending rates (pct)       67.1*      71.7      -4.6
  - HIBOR (Hong Kong interbank
    offered rates) (pct)           30.5       26.3       4.2
  *with majority priced within the range of 2.00 and 2.25
percent.
   ($1 = 7.7555 Hong Kong dollars)

 (Reporting by Christina Lo; Editing by Sunil Nair)

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