Residential Mortgage Survey Results for June 2017

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

The number of mortgage applications in June decreased month-on-month by 1.2% to 14,654.

Mortgage loans approved in June increased by 5.6% compared with May to HK$44.0 billion. Among these, mortgage loans financing primary market transactions increased by 19.2% to HK$10.2 billion and those financing secondary market transactions decreased by 10.4% to HK$19.5 billion. Mortgage loans for refinancing increased by 26.1% to HK$14.3 billion.

Mortgage loans drawn down during June increased by 13.4% compared with May to HK$32 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 95.2% in May to 95.9% in June. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.7% in May to 1.6% in June.

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,160.9 billion at end-June.

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

Annex

Hong Kong Monetary Authority
31 July 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.