The amount of newly approved residential mortgage loans in Hong Kong fell by 21.2% in April compared with the previous month.

FYF, 31 May (Xinhua)-- the Hong Kong Monetary Authority announced that the amount of new residential mortgage loans approved in Hong Kong last month was 35.4 billion Hong Kong dollars, a monthly decrease of 21.2 percent. Of this total, loans approved for primary market transactions totaled HK $9.7 billion, up 0.8%; loans approved for secondary market transactions totaled HK $21.3 billion, down 29%; and loans approved for rescheduling transactions also decreased by 17.5% to HK $4.4 billion.