Residential Mortgage Survey Results for February 2015

Press Releases

31 Mar 2015

Residential Mortgage Survey Results for February 2015

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

The number of mortgage applications in February decreased month-on-month by 23.6% to 10,393.

Mortgage loans approved in February decreased by 12.1% compared with January to HK$26.7 billion.  Among these, mortgage loans financing primary market transactions decreased by 24.2% to HK$6 billion and those financing secondary market transactions decreased by 10.9% to HK$15.9 billion.  Mortgage loans for refinancing increased by 3.7% to HK$4.8 billion.

Mortgage loans drawn down during February decreased by 24.8% compared with January to HK$16 billion.

New mortgage loans priced with reference to best lending rates decreased from 13.3% in January to 12.8% in February with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 84% in January to 85.4% in February.  

The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$998 billion at end-February.

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

Annex


Hong Kong Monetary Authority
31 March 2015

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Last revision date : 31 March 2015