Residential Mortgage Survey Results for March 2016

Press Releases

29 Apr 2016

Residential Mortgage Survey Results for March 2016

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

The number of mortgage applications in March increased month-on-month by 52.9% to 7,446. 

Mortgage loans approved in March increased by 20.5% compared with February to HK$15.4 billion.  Among these, mortgage loans financing primary market transactions decreased by 7.9% to HK$3.1 billion and those financing secondary market transactions increased by 39.4% to HK$8 billion.  Mortgage loans for refinancing increased by 17.2% to HK$4.2 billion.

Mortgage loans drawn down during March increased by 45% compared with February to HK$15.2 billion.

The ratio of new mortgage loans priced with reference to best lending rates decreased from 14.2% in February to 12.6% in March, 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 77.4% in February to 76.1% in March.  The ratio of mortgage loans priced at fixed rates increased from 7% in February to 9.2% in March.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,079.5 billion at end-March.

The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

 

Annex

 

Hong Kong Monetary Authority
29 April 2016

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Last revision date : 29 April 2016