Residential Mortgage Survey Results for April 2012

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25 May 2012

Residential Mortgage Survey Results for April 2012

 

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

Mortgage loans drawn down during April increased by 55.4% compared with March to HK$17.4 billion. 

Mortgage loans approved in April fell by 9.7% compared with March to HK$25.4 billion.  Among these, mortgage loans financing primary market transactions decreased by 27.5% to HK$3 billion and those financing secondary market transactions decreased by 8.3% to HK$20 billion.  Mortgage loans for refinancing increased by 11.3% to HK$2.4 billion.  The number of applications in April fell month-on-month by 23.2% to 13,375. 

New mortgage loans priced with reference to best lending rates decreased marginally from 91.9% in March to 91.4% in April, with majority priced within the range of 2% and 2.25%.  New mortgage loans priced with reference to HIBOR decreased from 5.5% in March to 4.9% in April.

The outstanding value of mortgage loans increased month-on-month by 0.8% to HK$809.6 billion at end-April. 

In April, the mortgage delinquency ratio remained unchanged at 0.01% while the rescheduled loan ratio decreased to 0.01%, which has been the lowest level since September 2001 when the HKMA started to collect this information.  

 Annex

 

Hong Kong Monetary Authority
25 May 2012

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Last revision date : 25 May 2012