RTTNews - Tuesday, the Hong Kong Monetary Authority said in a report that the value of new residential mortgage loans drawn down increased 19.3% month-on-month in April, compared with the 25.5% growth in the previous month. The value of new loans drawn down increased to HK$ 10.6 billion from HK$ 8.9 billion in March.
At the same time, the value of new loans approved increased 31.4% in April, compared to the 46% increase in the previous month. The value of loans approved increased to HK$ 21.9 billion from HK$ 16.7 billion in the previous month.
Meanwhile, the value of outstanding loans increased 0.4% to HK$588 billion in April, after falling 0.1% in March.
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