Residential Mortgage Survey Results for February 2017

Press Releases

31 Mar 2017

Residential Mortgage Survey Results for February 2017

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for February 2017.

The number of mortgage applications in February decreased month-on-month by 0.1% to 9,904.  

Mortgage loans approved in February decreased by 2.4% compared with January to HK$27.6 billion. Among these, mortgage loans financing primary market transactions increased by 0.8% to HK$6.9 billion and those financing secondary market transactions decreased by 3.5% to HK$13 billion. Mortgage loans for refinancing decreased by 3.4% to HK$7.7 billion. 

Mortgage loans drawn down during February decreased by 16% compared with January to HK$21.1 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 93.5% in January to 93.3% in February. The ratio of new mortgage loans priced with reference to best lending rates increased from 2.6% in January to 3% in February.

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,130.9 billion at end-February. 

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

Annex

 

Hong Kong Monetary Authority
31 March 2017

 

 

Note:

(Updates in October 2020) Due to classification issues of the data submitted by a reporting institution for the residential mortgage survey earlier, relevant results need to be revised. Details can be found on monthly statistical bulletin.

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Last revision date : 19 October 2020