Residential Mortgage Survey Results for January 2016

Press Releases

29 Feb 2016

Residential Mortgage Survey Results for January 2016

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2016.

The number of mortgage applications in January 2016 decreased month-on-month by 2.3% to 6,440.

Mortgage loans approved in January 2016 decreased by 1.9% compared with December 2015 to HK$15.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 1.4% to HK$4.9 billion and those financing secondary market transactions decreased by 3.3% to HK$6.6 billion.  Mortgage loans for refinancing decreased by 0.2% to HK$4.1 billion.

Mortgage loans drawn down during January 2016 decreased by 2.8% compared with December 2015 to HK$12.5 billion.

The ratio of new mortgage loans priced with reference to best lending rates increased from 11.1% in December 2015 to 11.4% in January 2016, 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 79.7% in December 2015 to 77.2% in January 2016.  The ratio of mortgage loans priced at fixed rates decreased from 7.9% in December 2015 to 7.5% in January 2016.

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,075.7 billion at end-January 2016.

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 February 2016

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Last revision date : 29 February 2016