Residential Mortgage Survey Results for July 2013

Press Releases

28 Aug 2013

Residential Mortgage Survey Results for July 2013

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

Mortgage loans drawn down during July decreased by 4.9% compared with June to HK$12.2 billion. 

Mortgage loans approved in July increased by 1.2% compared with June to HK$15.8 billion.  Among these, mortgage loans financing primary market transactions decreased by 36.0% to HK$1.1 billion and those financing secondary market transactions increased by 3.8% to HK$11.9 billion.  Mortgage loans for refinancing increased by 16.0% to HK$2.9 billion. 

The number of mortgage applications in July decreased by 9.4% month-on-month to 8,424.

New mortgage loans priced with reference to best lending rates decreased from 66.5% in June to 56.6% in July, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 30.2% in June to 39.9% in July.  

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$898.4 billion at end-July. 

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

Annex

Hong Kong Monetary Authority
28 August 2013

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Last revision date : 28 August 2013