March 31, 2017 / 8:58 AM / 6 months ago

Hong Kong's drawndown mortgage loans in Feb fall 16 pct on month

    March 31 (Reuters) - New mortgage loans drawn down in Hong
Kong totalled HK$21.1 billion in February, down 16 percent from
a month earlier, Hong Kong Monetary Authority (HKMA) data showed
on Friday.
    
    Following is the breakdown of data from the authority:
    
                               2017       2017                
                               Feb        Jan        M/M Pct
                                                     Change
 New loans drawn down (HK$     21,140     25,162     -16.0
 mln)                                                
                                                     
 New loan approvals (HK$ mln)                        
               Primary market  6,909      6,851      0.8
             Secondary market  12,991     13,459     -3.5
                 Refinancing   7,701      7,970      -3.4
 TOTAL                         27,601     28,280     -2.4
                                                     
 No. of applications (cases)   9,904      9,914      -0.1
                                                     
 Outstanding loans (HK$ mln)   1,130,853  1,126,180  0.4
 Delinquency ratio (pct)                             
 (more than 3 months)          0.04       0.03       
 Rescheduled loan ratio (pct)  0.02       0.02       
                                                     
 Proportion of new mortgage                          
 loans                                               
 priced with reference to:                           
     best lending rates (pct)  3.0        2.6        
   HIBOR (Hong Kong interbank  93.3       93.5       
         offered rates) (pct)                        
 
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 (Reporting by Twinnie Siu; Editing by Subhranshu Sahu)
  

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