Residential Mortgage Survey Results for April 2015

Press Releases

29 May 2015

Residential Mortgage Survey Results for April 2015

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

The number of mortgage applications in April decreased month-on-month by 4.1% to 10,007.

Mortgage loans approved in April decreased by 18.9% compared with March to HK$22.8 billion.  Among these, mortgage loans financing primary market transactions decreased by 11.5% to HK$6.1 billion and those financing secondary market transactions decreased by 22.3% to HK$12.1 billion.  Mortgage loans for refinancing decreased by 18.4% to HK$4.6 billion. 

Mortgage loans drawn down during April decreased by 29.4% compared with March to HK$20.6 billion. 

New mortgage loans priced with reference to best lending rates increased from 12.5% in March to 13.1% in April with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 85.5% in March to 84.8% in April.   

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,018.7 billion at end-April. 

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

Annex

 

Hong Kong Monetary Authority
29 May 2015

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Last revision date : 29 May 2015