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