Residential Mortgage Survey Results for January 2012

Press Releases

24 Feb 2012

Residential Mortgage Survey Results for January 2012

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

New mortgage loans drawn down during January 2012 decreased by 31.6% compared with December 2011 to HK$6.1 billion. 

New loans approved in January 2012 fell by 3.8% compared with December 2011 to HK$10 billion.  Among these, approvals for primary market transactions increased by 7.6% to HK$3 billion while approvals for secondary market transactions decreased by 7.6% to HK$5.7 billion.  Approvals for refinancing fell by 9.8% to HK$1.3 billion.  The number of new applications in January 2012 fell month-on-month by 4.9% to 5,745.     

New mortgage loans priced with reference to best lending rates increased from 89.8% in December 2011 to 93.6% in January 2012, with majority priced within the range of 2.25% and 2.5%.  New mortgage loans priced with reference to HIBOR decreased to 2.9% in January 2012.

The outstanding value of mortgage loans decreased month-on-month by 0.2% to HK$799.8 billion at end-January 2012. 

In January 2012, the mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at 0.02%.   

Annex

Hong Kong Monetary Authority
24 February 2012

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Last revision date : 24 February 2012