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Residential Mortgage Survey Results for August 2012

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

Mortgage loans drawn down during August increased by 1.9% compared with July to HK$16.4 billion. 

Mortgage loans approved in August increased by 29% compared with July to HK$25.2 billion. Among these, mortgage loans financing primary market transactions decreased by 5% to HK$4.1 billion and those financing secondary market transactions increased by 42.8% to HK$18.1 billion. Mortgage loans for refinancing increased by 17.6% to HK$3 billion. 

The number of mortgage applications in August increased by 31.8% month-on-month to 14,023.

In August, 93% of mortgage loans were priced with reference to best lending rates, similar to that in July. The majority of mortgage loans in August were priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 4.5% in July to 3.9% in August.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$833.9 billion at end-August.

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

Annex

 

Hong Kong Monetary Authority
26 September 2012

Last revision date: 26 September 2012
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