Residential Mortgage Survey Results for May 2014

Press Releases

27 Jun 2014

Residential Mortgage Survey Results for May 2014

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

Mortgage loans drawn down during May increased by 2.3% compared with April to HK$16.3 billion. 

Mortgage loans approved in May increased by 15.8% compared with April to HK$22.7 billion.  Among these, mortgage loans financing primary market transactions decreased by 17.1% to HK$4.6 billion and those financing secondary market transactions increased by 33.8% to HK$14.7 billion.  Mortgage loans for refinancing increased by 11.4% to HK$3.4 billion. 

The number of mortgage applications in May increased month-on-month by 22.1% to 11,175.

New mortgage loans priced with reference to best lending rates decreased from 34.6% in April to 26.4% in May with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 63.1% in April to 71.4% in May.   

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$928 billion at end-May. 

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 June 2014

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Last revision date : 27 June 2014