Residential Mortgage Survey Results for June 2014

Press Releases

25 Jul 2014

Residential Mortgage Survey Results for June 2014

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

Mortgage loans drawn down during June increased by 7.7% compared with May to HK$17.6 billion.  

Mortgage loans approved in June increased by 10.1% compared with May to HK$25 billion.  Among these, mortgage loans financing primary market transactions increased by 4.1% to HK$4.8 billion and those financing secondary market transactions increased by 13.4% to HK$16.7 billion.  Mortgage loans for refinancing increased by 4.1% to HK$3.5 billion.  

The number of mortgage applications in June increased month-on-month by 2.4% to 11,442. 

New mortgage loans priced with reference to best lending rates decreased from 26.4% in May to 21% in June with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 71.4% in May to 76.7% in June.    

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$934.1 billion at end-June.  

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 July 2014

Latest Press Releases
Last revision date : 25 July 2014