Residential Mortgage Survey Results for April 2016

Press Releases

31 May 2016

Residential Mortgage Survey Results for April 2016

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

The number of mortgage applications in April increased month-on-month by 18.4% to 8,816. 

Mortgage loans approved in April increased by 28.4% compared with March to HK$19.8 billion.  Among these, mortgage loans financing primary market transactions increased by 19.3% to HK$3.7 billion and those financing secondary market transactions increased by 37.3% to HK$11 billion.  Mortgage loans for refinancing increased by 18.1% to HK$5 billion.

Mortgage loans drawn down during April decreased by 30.9% compared with March to HK$10.5 billion.

The ratio of new mortgage loans priced with reference to best lending rates decreased from 12.6% in March to 7.5% in April, with the majority priced within the range of 2% and 2.25%. The ratio of new mortgage loans priced with reference to HIBOR increased from 76.1% in March to 84.2% in April.  The ratio of mortgage loans priced at fixed rates decreased from 9.2% in March to 6.2% in April.

The outstanding value of mortgage loans decreased month-on-month by 0.1% to HK$1,078.8 billion at end-April.

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


Annex


Hong Kong Monetary Authority
31 May 2016

 

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Last revision date : 31 May 2016