The amount of mortgage loan approvals in Hong Kong rose 5.4% monthly to HK$25.5 billion in December 2024, according to data from the Hong Kong Monetary Authority released Tuesday.
Mortgage applications fell 21% to 6,306 compared with November 2024.
Mortgage loans for primary market transactions increased 8.7% to HK$8.6 billion while loans for secondary homes inched up 0.5% to HK$13.8 billion, and refinancing mortgages jumped 21% to HK$3.1 billion, the report said.
Loans linked to Hong Kong's interbank offered rate slipped 91% while best lending rate-linked loans grew to 4.1% during the month, according to the HKMA.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.