Residential Mortgage Survey Results for July 2014

Press Releases

27 Aug 2014

Residential Mortgage Survey Results for July 2014

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

Mortgage loans drawn down during July increased by 5.9% compared with June to HK$18.6 billion.  

Mortgage loans approved in July increased by 12.9% compared with June to HK$28.3 billion.  Among these, mortgage loans financing primary market transactions increased by 39.6% to HK$6.7 billion and those financing secondary market transactions increased by 6.5% to HK$17.8 billion.  Mortgage loans for refinancing increased by 6.8% to HK$3.8 billion.  

The number of mortgage applications in July increased month-on-month by 11.2% to 12,728. 

New mortgage loans priced with reference to best lending rates decreased from 21% in June to 17.4% in July with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 76.7% in June to 80.2% in July.    

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$940 billion at end-July.  

The mortgage delinquency ratio slightly increased to 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%. 

Annex

Hong Kong Monetary Authority
27 August 2014

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Last revision date : 27 August 2014