Residential mortgage lending grew slightly last month compared with March despite a rise of more than 10 per cent in house prices since the beginning of the year.
The latest figures released by the Hong Kong Monetary Authority showed that gross loans made last month rose 1.5 per cent to $11.18 billion.
The value of new loans approved was $12.59 billion, up 5.1 per cent.
The authority released information for the first time on residential mortgage loans associated with co-financing schemes, which amounted to $6.66 billion, or 2.3 per cent of all mortgage lending of the 33 surveyed institutions.
Last month, new approved loans associated with co-financing schemes amounted to $821 million, or 6.5 per cent of the total lending during the month.
That compared with $886 million in March, which accounted for 7.4 per cent of lending that month.
Analysts said these figures reflected the popularity of co-financing schemes being jointly arranged by banks and developers for home buyers.
