Summary
- Hong Kong Monetary Authority reports decrease in residential mortgage loans (RMLs) in negative equity by end of June 2024.
- Number of RMLs in negative equity dropped to 30,288 cases from 32,073 cases.
- Total value of RMLs in negative equity decreased to HK$155 billion from HK$165.3 billion.
- Decline attributed to bank staff housing loans and RMLs under the mortgage insurance programme.
