Residential Mortgage Survey Results for May 2012

Press Releases

26 Jun 2012

Residential Mortgage Survey Results for May 2012

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

Mortgage loans drawn down during May increased by 11.6% compared with April to HK$19.5 billion. 

Mortgage loans approved in May increased by 5.2% compared with April to HK$26.7 billion.  Among these, mortgage loans financing primary market transactions increased by 39.7% to HK$4.2 billion and those financing secondary market transactions decreased by 1.5% to HK$19.7 billion.  Mortgage loans for refinancing increased by 17.9% to HK$2.8 billion. 

The number of applications in May increased month-on-month by 6.8% to 14,290.    

In May, 91.2% of mortgage loans were priced with reference to best lending rates, similar to that in April. The majority of new mortgage loans in May were priced within the range of 2% and 2.25%.  New mortgage loans priced with reference to HIBOR increased from 4.9% in April to 5.4% in May.

The outstanding value of mortgage loans increased month-on-month by 0.8% to HK$815.9 billion at end-May. 

In May, 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 June 2012

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Last revision date : 26 June 2012