Zach Anderson
Dec 31, 2024 08:48
Hong Kong Monetary Authority reports a 9.7% increase in mortgage applications for November 2024, with loans approved reaching HK$24.2 billion.
The Hong Kong Monetary Authority (HKMA) has released its residential mortgage survey results for November 2024, revealing significant shifts in the city’s mortgage landscape. The number of mortgage applications rose by 9.7% from the previous month, totaling 7,995 applications, according to the Hong Kong Monetary Authority.
Mortgage Loans Surge
In November, the total value of approved mortgage loans surged by 27.7% compared to October,…