Residential Mortgage Survey Results for December 2004

Press Releases

25 Jan 2005

Residential Mortgage Survey Results for December 2004

The 24 authorized institutions which participate in the HKMA’s monthly survey reported a continued high level of residential mortgage lending activity in December.

The value of new loans drawn down, at HK$13.8 billion, was broadly similar to the previous month, while the value of new loans approved increased slightly to HK$15.1 billion. 87% of these approvals were priced at more than 2.5% below BLR.

The outstanding value of loans increased to HK$527.9 billion. The delinquency ratio fell to 0.38%.


For further enquiries, please contact:
Kevin Ip, Manager (Press), at 2878 1687 or
Thomas Chan, Senior Manager (Press), at 2878 1480

Hong Kong Monetary Authority
25 January 2005

Annex

Notes to Annex

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Last revision date : 25 January 2005