Residential Mortgage Survey Results for August 2015

Press Releases

30 Sep 2015

Residential Mortgage Survey Results for August 2015

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

The number of mortgage applications in August decreased month-on-month by 5% to 9,630.

Mortgage loans approved in August decreased by 11.8% compared with July to HK$24 billion.  Among these, mortgage loans financing primary market transactions decreased by 9.1% to HK$5.9 billion and those financing secondary market transactions decreased by 14.3% to HK$13.6 billion.  Mortgage loans for refinancing decreased by 7.2% to HK$4.5 billion.

Mortgage loans drawn down during August decreased by 15.3% compared with July to HK$23.5 billion.

The ratio of new mortgage loans priced with reference to best lending rates decreased from 11.9% in July to 11.8% in August, 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 84.5% in July to 82.7% in August.  

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,054.9 billion at end-August.

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 September 2015

Latest Press Releases
Last revision date : 30 September 2015