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TABLE-Hong Kong's drawndown mortgage loans in Jan fall 14.9 pct on month
February 28, 2017 / 9:00 AM / 9 months ago

TABLE-Hong Kong's drawndown mortgage loans in Jan fall 14.9 pct on month

    Feb 28 (Reuters) - New mortgage loans drawn down in Hong Kong totalled
HK$25.2 billion ($3.25 billion) in January, down 14.9 percent from a month
earlier, Hong Kong Monetary Authority (HKMA) data showed on Tuesday.
    Following is the breakdown of data from the authority:
 
                                 2017        2016               
                                 Jan         Dec         M/M Pct
                                                         Change
 New loans drawn down (HK$ mln)  25,162      29,556      -14.9
                                                         
 New loan approvals (HK$ mln)                            
                 Primary market  6,851       8,249       -16.9
               Secondary market  13,459      15,099      -10.9
                   Refinancing   7,970       9,122       -12.6
 TOTAL                           28,280      32,470      -12.9
                                                         
 No. of applications (cases)     9,914       10,505      -5.6
                                                         
 Outstanding loans (HK$ mln)     1,126,180   1,118,657   0.7
 Delinquency ratio (pct)                                 
 (more than 3 months)            0.03        0.03        
 Rescheduled loan ratio (pct)    0.02        0.02        
                                                         
 Proportion of new mortgage                              
 loans                                                   
 priced with reference to:                               
       best lending rates (pct)  2.6         2.5         
     HIBOR (Hong Kong interbank  93.5        94.9        
           offered rates) (pct)                          
 
   *with majority priced within the range of 2.00 and 2.25 percent.
    
    For details, click bit.ly/2lQHFWF
($1 = 7.7613 Hong Kong dollars)

 (Reporting by Twinnie Siu in Hong Kong; Editing by Subhranshu Sahu)
  

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