May 31, 2017 / 9:53 AM / 3 months ago

Hong Kong's drawndown mortgage loans in April fall 15 pct m/m

    May 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled
HK$21.2 billion ($2.72 billion) in April, down 15.0 percent from a month
earlier, Hong Kong Monetary Authority (HKMA) data showed on Wednesday.
    Following is the breakdown of data from the authority:
                                 2017       2017                
                                 April      March       M/M Pct
                                                        Change
 New loans drawn down (HK$ mln)  21,174     24,910      -15.0
                                                        
 New loan approvals (HK$ mln)                           
                 Primary market  6,189      7,533       -17.8
               Secondary market  17,345     19,036      -8.9
                   Refinancing   8,392      10,395      -19.3
 TOTAL                           31,926     36,964      -13.6
                                                        
 No. of applications (cases)     13,027     15,603      -16.5
                                                        
 Outstanding loans (HK$ mln)     1,142,241  1,137,140   0.4
 Delinquency ratio (pct)                                
 (more than 3 months)            0.03       0.04        
 Rescheduled loan ratio (pct)    0.00       0.00        
                                                        
 Proportion of new mortgage                             
 loans                                                  
 priced with reference to:                              
       best lending rates (pct)  2.1        2.2         
     HIBOR (Hong Kong interbank  94.0       94.1        
           offered rates) (pct)                         
 
   *with majority priced within the range of 2.00 and 2.25 percent.
    
    For details, click bit.ly/2rTJJCH

($1 = 7.7885 Hong Kong dollars)

 (Reporting by Twinnie Siu; Editing by Amrutha Gayathri)
  

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