Residential Mortgage Survey Results for June 2012

Press Releases

27 Jul 2012

Residential Mortgage Survey Results for June 2012

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for June 2012.

Mortgage loans drawn down during June increased by 3.6% compared with May to HK$20.2 billion. 

Mortgage loans approved in June decreased by 20.4% compared with May to HK$21.2 billion.  Among these, mortgage loans financing primary market transactions increased by 0.7% to HK$4.2 billion and those financing secondary market transactions decreased by 28.5% to HK$14.1 billion.  Mortgage loans for refinancing increased by 5.2% to HK$2.9 billion. 

The number of applications in June decreased by 28.4% month-on-month to 10,231.   

New mortgage loans priced with reference to best lending rates increased from 91.2% in May to 93% in June, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 5.4% in May to 4.3% in June.

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$823.5 billion at end-June. 

In June, the mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at 0.01%.  

Annex

 

Hong Kong Monetary Authority
27 July 2012

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Last revision date : 27 July 2012