Residential Mortgage Survey Results for February 2013

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27 Mar 2013

Residential Mortgage Survey Results for February 2013

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for February 2013.

Mortgage loans drawn down during February decreased by 23.0% compared with January to HK$12.2 billion. 

Mortgage loans approved in February decreased by 12.3% compared with January to HK$18.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 8.4% to HK$3.0 billion and those financing secondary market transactions decreased by 11.8% to HK$12.9 billion.  Mortgage loans for refinancing decreased by 18.1% to HK$2.7 billion. 

The number of mortgage applications in February decreased by 24.5% month-on-month to 9,013.

New mortgage loans priced with reference to best lending rates decreased from 90.3% in January to 86.4% in February, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 7.4% in January to 11.4% in February. 

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$877.0 billion at end-February. 

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 March 2013

 

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Last revision date : 27 March 2013