Residential Mortgage Survey Results for March 2014

Press Releases

25 Apr 2014

Residential Mortgage Survey Results for March 2014

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

Mortgage loans drawn down during March increased by 8.8% compared with February to HK$13.5 billion.

Mortgage loans approved in March increased by 23.7% compared with February to HK$19.3 billion.  Among these, mortgage loans financing primary market transactions decreased by 2.3% to HK$5.7 billion and those financing secondary market transactions increased by 42% to HK$10.3 billion.  Mortgage loans for refinancing also increased by 30.7% to HK$3.3 billion.

The number of mortgage applications in March increased month-on-month by 30.8% to 9,416.

New mortgage loans priced with reference to best lending rates decreased from 43.7% in February to 39.7% in March with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 54.8% in February to 58.9% in March.  

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$914.6 billion at end-March.

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

Annex

Hong Kong Monetary Authority
25 April 2014

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Last revision date : 25 April 2014