Hong Kong New Mortgage Loans Drawn Down Falls In January

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Thursday, the Hong Kong Monetary Authority said in a report that the new mortgage loans drown down decreased 11.8% month-on-month in January, compared to a 5.8% fall in the previous month.

The value of new mortgage loans drown down amounted to HK$17.3 billion in January, down from HK$19.7 billion in the previous month.

Meanwhile, new loans approved increased 22.3% to HK$29.6 billion in January, compared to the 6.2% fall in the previous month.

Thursday, the Hong Kong Monetary Authority said in a report that the new mortgage loans drown down decreased 11.8% month-on-month in January, compared to a 5.8% fall in the previous month. (Market News Provided by RTTNews)