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TABLE-Hong Kong's drawndown mortgage loans in July rise 1.2 pct m/m
August 31, 2017 / 9:02 AM / 3 months ago

TABLE-Hong Kong's drawndown mortgage loans in July rise 1.2 pct m/m

    Aug 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$32.4 billion
($4.14 billion) in July, up 1.2 percent from a month earlier, Hong Kong Monetary Authority
(HKMA) data showed on Thursday.
    Following is the breakdown of data from the authority:
                                 2017        2017                 
                                 July        June         M/M Pct
                                                          Change
 New loans drawn down (HK$ mln)  32,416      32,045       1.2
                                                          
 New loan approvals (HK$ mln)                             
                 Primary market  7,490       10,163       -26.3
               Secondary market  14,419      19,517       -26.1
                   Refinancing   11,774      14,355       -18.0
 TOTAL                           33,683      44,035       -23.5
                                                          
 No. of applications (cases)     9,090       14,654       -38.0
                                                          
 Outstanding loans (HK$ mln)     1,172,032   1,160,892    1.0
 Delinquency ratio (pct)                                  
 (more than 3 months)            0.03        0.03         
 Rescheduled loan ratio (pct)    0.00        0.00         
                                                          
 Proportion of new mortgage                               
 loans                                                    
 priced with reference to:                                
       best lending rates (pct)  2.0         1.6          
     HIBOR (Hong Kong interbank  95.9        95.9         
           offered rates) (pct)                           
 
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($1 = 7.8251 Hong Kong dollars)

 (Reporting by Twinnie Siu; Editing by Biju Dwarakanath)
  

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