Residential Mortgage Survey Results for May 2015

Press Releases

30 Jun 2015

Residential Mortgage Survey Results for May 2015

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

The number of mortgage applications in May increased month-on-month by 19.8% to 11,990.

Mortgage loans approved in May increased by 17% compared with April to HK$26.6 billion.  Among these, mortgage loans financing primary market transactions increased by 40.8% to HK$8.6 billion and those financing secondary market transactions increased by 10.3% to HK$13.3 billion.  Mortgage loans for refinancing increased by 2.6% to HK$4.7 billion. 

Mortgage loans drawn down during May decreased by 10.1% compared with April to HK$18.5 billion. 

New mortgage loans priced with reference to best lending rates decreased from 13.1% in April to 12.2% in May with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 84.8% in April to 85.2% in May.   

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,025 billion at end-May. 

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

Annex

 

Hong Kong Monetary Authority
30 June 2015

 

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Last revision date : 30 June 2015