Category Fraud Alerts HK

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for March 2021.

The number of mortgage applications in March increased month-on-month by 44.1% to 17,946.

Mortgage loans approved in March increased by 39% compared with February to HK$53 billion. Among these, mortgage loans financing primary market transactions increased by 86.5% to HK$9.7 billion and those financing secondary market transactions increased by 31.5% to HK$36.2 billion. Mortgage loans for refinancing increased by 31.7% to HK$7.1 billion.

Mortgage loans drawn down during March increased by 56.3% compared with February to HK$30.2 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.9% in February to 95.7% in March. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.7% in February to 1.8% in March.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,605.3 billion at end-March.

The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.



Hong Kong Monetary Authority
30 April 2021


Source link

Is your business effected by Cyber Crime?

If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters. Contact Digitpol’s hotlines or respond to us online.

Digitpol is available 24/7.

ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944