Residential Mortgage Survey Results for January 2014

Press Releases

27 Feb 2014

Residential Mortgage Survey Results for January 2014

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2014.

Mortgage loans drawn down during January 2014 decreased by 6.2% compared with December 2013 to HK$11.3 billion.

Mortgage loans approved in January 2014 increased by 25.4% compared with December 2013 to HK$17.3 billion.  Among these, mortgage loans financing primary market transactions increased by 53.0% to HK$6.0 billion and those financing secondary market transactions increased by 18.9% to HK$8.7 billion.  Mortgage loans for refinancing also increased by 0.8% to HK$2.6 billion.

The number of mortgage applications in January 2014 increased by 17.6% month-on-month to 8,927.

New mortgage loans priced with reference to best lending rates decreased from 67.7% in December 2013 to 56.1% in January 2014 with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 30.5% in December 2013 to 41.7% in January 2014.  

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$906.3 billion at end-January 2014.

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 February 2014

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Last revision date : 27 February 2014