Mortgage lending falls: HKMA survey
The number of new mortgage loans drawn down during the month of January fell by 30.0% to HK$21.7 billion ($2.78 billion), the Hong Kong Monetary Authority's (HKMA) residential mortgage survey published on Friday said.
The HKMA said new loans approved in January also declined by 3.2% to HK$28 billion. The central bank said the number of new applications in January amounted to 19,474, 35.1% higher than in December but 15.6% lower than November 2010. Both the mortgage delinquency ratio and
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