Residential Mortgage Survey Results for June 2013

Press Releases

26 Jul 2013

Residential Mortgage Survey Results for June 2013

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

Mortgage loans drawn down during June decreased by 11.3% compared with May to HK$12.8 billion. 

Mortgage loans approved in June increased by 1.2% compared with May to HK$15.7 billion.  Among these, mortgage loans financing primary market transactions decreased by 45.9% to HK$1.8 billion and those financing secondary market transactions increased by 21.7% to HK$11.4 billion.  Mortgage loans for refinancing decreased by 12.4% to HK$2.5 billion. 

The number of mortgage applications in June increased by 7.1% month-on-month to 9,301.

New mortgage loans priced with reference to best lending rates decreased from 78.9% in May to 66.5% in June, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 16.2% in May to 30.2% in June.  

The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$896.9 billion at end-June. 

The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
26 July 2013

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Last revision date : 26 July 2013