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TABLE-Hong Kong's October drawn down mortgage loans fall 22.3 pct m/m
November 30, 2017 / 9:17 AM / 19 days ago

TABLE-Hong Kong's October drawn down mortgage loans fall 22.3 pct m/m

    Nov 30 (Reuters) - New mortgage loans drawn down in Hong Kong totalled
HK$21.6 billion ($2.77 billion) in October, down 22.3 percent from a month
earlier, Hong Kong Monetary Authority (HKMA) data showed on Thursday.
    Following is the breakdown of data from the authority:
                             2017        2017               
                             Oct         Sept       M/M Pct
                                                    Change
 New loans drawn down (HK$   21,614      27,806     -22.3
 mln)                                               
                                                    
 New loan approvals (HK$                            
 mln)                                               
             Primary market  6,028       6,311      -4.5
           Secondary market  14,429      13,921     3.6
               Refinancing   8,612       9,305      -7.4
 TOTAL                       29,068      29,537     -1.6
                                                    
 No. of applications         11,280      11,376     -0.8
 (cases)                                            
                                                    
 Outstanding loans (HK$      1,190,150   1,186,856  0.3
 mln)                                               
 Delinquency ratio (pct)                            
 (more than 3 months)        0.02        0.02       
 Rescheduled loan ratio      0.02        0.02       
 (pct)                                              
                                                    
 Proportion of new mortgage                         
 loans                                              
 priced with reference to:                          
   best lending rates (pct)  2.2         2.2        
 HIBOR (Hong Kong interbank  93.1        93.4       
       offered rates) (pct)                         
 
    For details, click bit.ly/2i3ior8

($1 = 7.8084 Hong Kong dollars)

 (Reporting by Twinnie Siu)
  

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