Residential Mortgage Survey Results for April 2014

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29 May 2014

Residential Mortgage Survey Results for April 2014

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

Mortgage loans drawn down during April increased by 18.2% compared with March to HK$16 billion.

Mortgage loans approved in April increased by 2% compared with March to HK$19.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 1.3% to HK$5.6 billion and those financing secondary market transactions increased by 6.5% to HK$11 billion.  Mortgage loans for refinancing decreased by 6.6% to HK$3.1 billion.

The number of mortgage applications in April decreased month-on-month by 2.8% to 9,156.

New mortgage loans priced with reference to best lending rates decreased from 39.7% in March to 34.6% in April with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 58.9% in March to 63.1% in April.  

The outstanding value of mortgage loans increased month-on-month by 0.8% to HK$922.2 billion at end-April.

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

Annex

Hong Kong Monetary Authority
29 May 2014

 

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Last revision date : 29 May 2014