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HK Aug Mortgage Loans Approved Up 7.7% MoM to $47.7B
The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for August 2018. The number of mortgage applications in August increased month-on-m...
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HK Aug Mortgage Loans Approved Up 7.7% MoM to $47.7B
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2018/09/28 16:36
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The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for August 2018. The number of mortgage applications in August increased month-on-month by 26.3% to about 17,900.

Mortgage loans approved in August increased by 7.7% compared with July to HK$47.7 billion. Among these, mortgage loans financing primary market transactions increased by 18.7% to HK$9.4 billion and those financing secondary market transactions decreased by 12.2% to HK$20.9 billion. Mortgage loans for refinancing increased by 38.7% to HK$17.3 billion.
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