Residential Mortgage Survey Results for July 2015

Press Releases

31 Aug 2015

Residential Mortgage Survey Results for July 2015

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

The number of mortgage applications in July decreased month-on-month by 13.5% to 10,139.

Mortgage loans approved in July decreased by 8.8% compared with June to HK$27.2 billion.  Among these, mortgage loans financing primary market transactions decreased by 24.6% to HK$6.5 billion and those financing secondary market transactions increased by 0.6% to HK$15.9 billion.  Mortgage loans for refinancing decreased by 11% to HK$4.8 billion. 

Mortgage loans drawn down during July increased by 43.6% compared with June to HK$27.7 billion. 

The ratio of new mortgage loans priced with reference to best lending rates increased from 11.7% in June to 11.9% in July, with the majority priced within the range of 2% and 2.25%. The ratio of new mortgage loans priced with reference to HIBOR decreased from 85.8% in June to 84.5% in July.   

The outstanding value of mortgage loans increased month-on-month by 1.3% to HK$1,044.2 billion at end-July. 

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 August 2015

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Last revision date : 31 August 2015