Mortgage loans increased 11.3% in December.

By bne IntelliNews January 25, 2011
Hong Kong's new mortgage loans increased by 11.3% and reached HKD 31bn as compared to November. As reported by news.gov.hk, according to figures released by the Monetary Authority, new loans approved, however, reduced by 23% to HKD 28.9bn in December. The approvals for secondary market transactions was reduced by 22.2% to HKD 5.6bn, and those for refinancing transactions fell by 18.2% to HKD 1.6bn. The approvals for primary market transactions were dropped by 41.2% to SKD 1.4bn. The number of new applications declined by 37.5% to 14,416, which reflected the market situation following the November 19 announcement of the measures the Government introduced Government in respect of the property market and by the Monetary Authority in relation to authorized institutions' risk management of their property-related lending.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss