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TABLE-Hong Kong's drawndown mortgage loans fall 0.6 pct in Oct
November 30, 2016 / 8:56 AM / in a year

TABLE-Hong Kong's drawndown mortgage loans fall 0.6 pct in Oct

Nov 30 (Reuters) - New mortgage loans drawn down in Hong Kong totalled
HK$23.1 billion ($2.98 billion) in October, down 0.6 percent from a month
earlier, Hong Kong Monetary Authority (HKMA) data showed on Wednesday.
    Following is the breakdown of data from the authority:
                               Oct        Sept     M/M Pct Change
 New loans drawn down (HK$     23,091     23,234   -0.6
 mln)                                              
                                                   
 New loan approvals (HK$ mln)                      
               Primary market  7,660      6,574    16.5
             Secondary market  18,742     18,038   3.9
                 Refinancing   7,887      7,514    5.0
 TOTAL                         34,288     32,126   6.7
                                                   
 No. of applications (cases)   14,323     13,536   5.8
                                                   
 Outstanding loans (HK$ mln)   1,101,216  1,095,2  0.5
                                          60       
 Delinquency ratio (pct)                           
 (more than 3 months)          0.04       0.04     
 Rescheduled loan ratio (pct)  0.02       0.00     
                                                   
 Proportion of new mortgage                        
 loans                                             
 priced with reference to:                         
     best lending rates (pct)  2.4        2.5      
   HIBOR (Hong Kong interbank  94.8       93.6     
         offered rates) (pct)                      
 
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($1 = 7.7552 Hong Kong dollars)

 (Reporting by Twinnie Siu; Editing by Subhranshu Sahu)

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