Residential Mortgage Survey Results for June 2016

Press Releases

29 Jul 2016

Residential Mortgage Survey Results for June 2016

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

The number of mortgage applications in June decreased month-on-month by 1.2% to 9,844.  

Mortgage loans approved in June decreased by 3.2% compared with May to HK$22.3 billion.  Among these, mortgage loans financing primary market transactions decreased by 7% to HK$4.6 billion and those financing secondary market transactions increased by 2.1% to HK$12.6 billion.  Mortgage loans for refinancing decreased by 11.5% to HK$5 billion. 

Mortgage loans drawn down during June increased by 15.8% compared with May to HK$17.8 billion. 

The ratio of new mortgage loans priced with reference to best lending rates decreased from 6.9% in May to 4.9% in June, 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 85.8% in May to 89.8% in June.  The ratio of mortgage loans priced at fixed rates decreased from 5.3% in May to 3.9% in June.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,084.5 billion at end-June. 

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 July 2016

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Last revision date : 29 July 2016