Residential Mortgage Survey Results for August 2017

Press Releases

29 Sep 2017

Residential Mortgage Survey Results for August 2017

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

The number of mortgage applications in August increased month-on-month by 20% to 10,908.

Mortgage loans approved in August decreased by 10.8% compared with July to HK$30.1 billion. Among these, mortgage loans financing primary market transactions decreased by 20.9% to HK$5.9 billion and those financing secondary market transactions decreased by 7.7% to HK$13.3 billion. Mortgage loans for refinancing decreased by 8.1% to HK$10.8 billion.

Mortgage loans drawn down during August decreased by 13.3% compared with July to HK$28.1 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.9% in July to 95.4% in August. The ratio of new mortgage loans priced with reference to best lending rates increased from 2% in July to 2.1% in August.

The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$1,178.1 billion at end-August.

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

Annex

 

Hong Kong Monetary Authority
29 September 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