Residential Mortgage Survey Results for August 2016

Press Releases

30 Sep 2016

Residential Mortgage Survey Results for August 2016

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

The number of mortgage applications in August increased month-on-month by 29.4% to 13,300.

Mortgage loans approved in August increased by 29.5% compared with July to HK$29.6 billion.  Among these, mortgage loans financing primary market transactions increased by 24.4% to HK$5.7 billion and those financing secondary market transactions increased by 25.4% to HK$16.7 billion.  Mortgage loans for refinancing increased by 44.9% to HK$7.2 billion.

Mortgage loans drawn down during August increased by 10.1% compared with July to HK$17.4 billion. 

The ratio of new mortgage loans priced with reference to best lending rates decreased from 3.8% in July to 3% 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 increased from 92.6% in July to 93.4% in August.  The ratio of mortgage loans priced at fixed rates decreased from 2.2% in July to 1.7% in August.

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,088.6 billion at end-August.

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

Annex

 

Hong Kong Monetary Authority
30 September 2016

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Last revision date : 30 September 2016