Mortgage applications in November increased month-on-month by 4.3 percent to 11,375, the Hong Kong Monetary Authority said. Mortgage loans approved in November increased by 7.4 percent month-on-month to HK$37.2 billion. Among these, mortgage loans financing primary market transactions increased by 11.7 percent to HK$6.1 billion and those financing secondary market transactions increased by 7.5 percent to HK$26.5 billion. The outstanding value of mortgage loans increased month-on-month by 0.6 percent to HK$1,572.5 billion at end-November. The mortgage delinquency ratio remained unchanged at 0.04 percent and the rescheduled loan ratio remained unchanged at nearly 0 percent.

Source: The Standard December 31, 2020 11:48 UTC