Press here to Skip to the main content
Font Size
Default Font Size Larger Font Size Largest Font Size RSS Subscription Advanced Search Sitemap Mobile/Accessible Version 繁體 简体

Mortgage loans fall 23.5%

August 31, 2017

Mortgage loans approved in July dropped 23.5% month-on-month to $33.7 billion, the Monetary Authority announced today.


Mortgage loans financing primary market transactions decreased 26.3% to $7.5 billion, while those financing secondary market transactions dropped 26.1% to $14.4 billion. Those for refinancing dropped 18% to $11.8 billion.


Mortgage loans drawn down during the month increased 1.2% to $32.4 billion.


The number of mortgage applications decreased 38% to 9,090.


The outstanding value of mortgage loans rose 1% month-on-month to $1.172 trillion at the end of July.

Sales of First-hand Residential Properties Authority