Residential Mortgage Survey Results for August 2013

Press Releases

27 Sep 2013

Residential Mortgage Survey Results for August 2013

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

Mortgage loans drawn down during August decreased by 5.9% compared with July to HK$11.5 billion. 

Mortgage loans approved in August decreased by 8.5% compared with July to HK$14.5 billion.  Among these, mortgage loans financing primary market transactions increased by 44.5% to HK$1.6 billion and those financing secondary market transactions decreased by 16.9% to HK$9.9 billion.  Mortgage loans for refinancing increased by 5.0% to HK$3.0 billion. 

The number of mortgage applications in August decreased by 4.5% month-on-month to 8,043.

New mortgage loans priced with reference to best lending rates increased from 56.6% in July to 69.9% in August, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 39.9% in July to 27.9% in August.  

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$899.6 billion at end-August. 

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

Annex

Hong Kong Monetary Authority
27 September 2013

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Last revision date : 27 September 2013