Residential Mortgage Survey Results for July 2012

Press Releases

27 Aug 2012

Residential Mortgage Survey Results for July 2012

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

Mortgage loans drawn down during July decreased by 20% compared with June to HK$16.1 billion. 

Mortgage loans approved in July decreased by 8.1% compared with June to HK$19.5 billion.  Among these, mortgage loans financing primary market transactions increased by 2.1% to HK$4.3 billion and those financing secondary market transactions decreased by 9.9% to HK$12.7 billion.  Mortgage loans for refinancing decreased by 13.8% to HK$2.5 billion. 

The number of applications in July increased by 4% month-on-month to 10,640.

In July, 93.4% of mortgage loans were priced with reference to best lending rates, similar to that in June. The majority of mortgage loans in July were priced within the range of 2% and 2.25%. 4.5% of mortgage loans were priced with reference to HIBOR in July, similar to that in June.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$828.2 billion at end-July. 

In July, the mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at 0.01%.

Annex

 

Hong Kong Monetary Authority
27 August 2012

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Last revision date : 27 August 2012