Residential Mortgage Survey Results for August 2014

Press Releases

26 Sep 2014

Residential Mortgage Survey Results for August 2014

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

The number of mortgage applications in August decreased month-on-month by 7.9% to 11,719.

Mortgage loans approved in August decreased by 3.2% compared with July to HK$27.4 billion.  Among these, mortgage loans financing primary market transactions increased by 1.8% to HK$6.9 billion and those financing secondary market transactions decreased by 6.4% to HK$16.6 billion.  Mortgage loans for refinancing increased by 2.9% to HK$3.9 billion.

Mortgage loans drawn down during August increased by 1.4% compared with July to HK$18.9 billion.

New mortgage loans priced with reference to best lending rates decreased from 17.4% in July to 15.7% in August with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 80.2% in July to 81.9% in August.  

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$946.6 billion at end-August.

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

Annex


Hong Kong Monetary Authority
26 September 2014

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Last revision date : 26 September 2014