Residential Mortgage Survey Results for January 2015

Press Releases

27 Feb 2015

Residential Mortgage Survey Results for January 2015

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2015.

The number of mortgage applications in January 2015 increased month-on-month by 22.8% to 13,608.

Mortgage loans approved in January 2015 increased by 21.4% compared with December 2014 to HK$30.3 billion.  Among these, mortgage loans financing primary market transactions increased by 43.7% to HK$7.9 billion and those financing secondary market transactions increased by 18.1% to HK$17.8 billion.  Mortgage loans for refinancing increased by 4.6% to HK$4.6 billion. 

Mortgage loans drawn down during January 2015 decreased by 2.7% compared with December 2014 to HK$21.3 billion. 

New mortgage loans priced with reference to best lending rates decreased from 13.5% in December 2014 to 13.3% in January 2015 with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 84.5% in December 2014 to 84% in January 2015.   

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$993.1 billion at end-January 2015. 

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

Annex

 

Hong Kong Monetary Authority
27 February 2015

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Last revision date : 27 February 2015