Mortgage loans draw down increased 67.5% in March.

By bne IntelliNews May 3, 2011
Hong Kong's new mortgage loans drawn down grew 67.5% recording HKD 30.6bn in March this year, whereas new loans approved increased 43.5% recording HKD 43.5bn during the period. As reported by News.gov.hk, the Monetary Authority stated that the approvals for primary and secondary market transactions increased 134.8% and 25.1% respectively whereas the refinancing transactions grew by 81.2%. The number of new applications grew 32.5% and reached 23,153. The outstanding value of mortgage loans increased 0.8% to HKD 761.7bn.

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