HK new mortgage applications declined by 37.5% MoM in Dec-2010 - New loans approved declined by 23.0% to HK$28.9bn. The decline reflected market situation following HK Government's announcement of antispeculation measures on 19-Nov. The outstanding value of mortgages increased by 1.2% to HK$740.3bn. And the proportion of HIBOR-referenced new mortgages fell to 90% from 91.8% a month ago. (HKMA)
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