REFILE-Hong Kong's drawndown mortgage loans fall 16.2 pct in Feb vs Jan

March 31, 2016 9:48 AM

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(Refiles to fix formatting) March 31 New mortgage loans drawn down in Hong Kong totalled HK$10.5 billion ($1.35 billion) in February, down 16.2 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Thursday.

Following is the breakdown of data from the authority: Feb Jan M/M Pct Change New loans drawn down (HK$ mln) 10,495 12,523 -16.2 New loan approvals (HK$ mln): - Primary market 3,399 4,856 -30 - Secondary market 5,768 6,616 -12.8 - Refinancing 3,597 4,116 -12.6 TOTAL 12,764 15,588 -18.1 No. of applic...

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