HONG KONG, Oct. 31 (Xinhua) -- Mortgage loans approved in September dropped 1.7 percent compared to the previous month to 29.5 billion HK dollars (3.78 billion U.S. dollars) in China's Hong Kong Special Administrative Region, the Hong Kong Monetary Authority said on Tuesday.
Mortgage loans financing primary market transactions increased 6.6 percent to 6.3 billion HK dollars, while those financing secondary market transactions went up 4.6 percent to 13.9 billion HK dollars.
Those for refinancing fell 14 percent to 9.3 billion HK dollars.
The number of mortgage applications rose 4.3 percent to 11,376.
The outstanding value of mortgage loans increased 0.7 percent month-on-month to 1.1869 trillion HK dollars at the end of September. (1 U.S. dollar = 7.80 HK dollars)