Residential Mortgage Survey Results for April 2013

Press Releases

27 May 2013

Residential Mortgage Survey Results for April 2013

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

Mortgage loans drawn down during April decreased by 19.4% compared with March to HK$15.0 billion. 

Mortgage loans approved in April decreased by 25.1% compared with March to HK$16.2 billion.  Among these, mortgage loans financing primary market transactions decreased by 11.0% to HK$4.6 billion and those financing secondary market transactions decreased by 36.9% to HK$8.2 billion.  Mortgage loans for refinancing decreased by 1.4% to HK$3.4 billion. 

The number of mortgage applications in April decreased by 28.4% month-on-month to 7,370.  

New mortgage loans priced with reference to best lending rates decreased from 87.6% in March to 84.6% in April, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 10.7% in March to 11.8% in April.  

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$887.9 billion at end-April. 

The mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
27 May 2013

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Last revision date : 27 May 2013