Residential Mortgage Survey Results for April 2017

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31 May 2017

Residential Mortgage Survey Results for April 2017

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

The number of mortgage applications in April decreased month-on-month by 16.5% to 13,027.  

Mortgage loans approved in April decreased by 13.6% compared with March to HK$31.9 billion.  Among these, mortgage loans financing primary market transactions decreased by 17.8% to HK$6.2 billion and those financing secondary market transactions decreased by 8.9% to HK$17.3 billion.  Mortgage loans for refinancing decreased by 19.3% to HK$8.4 billion. 

Mortgage loans drawn down during April decreased by 15% compared with March to HK$21.2 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 94.1% in March to 94% in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.2% in March to 2.1% in April.

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,142.2 billion at end-April. 

The mortgage delinquency ratio decreased slightly to 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
31 May 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