Residential Mortgage Survey Results for January 2018

Press Releases

28 Feb 2018

Residential Mortgage Survey Results for January 2018

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2018.

The number of mortgage applications in January 2018 increased month-on-month by 34.8% to 14,179.

Mortgage loans approved in January 2018 increased by 37.1% compared with December 2017 to HK$38.1 billion. Among these, mortgage loans financing primary market transactions increased by 42.7% to HK$6.6 billion and those financing secondary market transactions increased by 46.3% to HK$22.9 billion. Mortgage loans for refinancing increased by 14.6% to HK$8.6 billion.

Mortgage loans drawn down during January 2018 increased by 18.2% compared with December 2017 to HK$27.5 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 89.8% in December 2017 to 86.2% in January 2018. The ratio of new mortgage loans priced at fixed rates increased from 5.5% in December 2017 to 8.8% in January 2018.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,213.7 billion at end-January 2018.

The mortgage delinquency ratio decreased slightly to 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
28 February 2018

 

 

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.

Latest Press Releases
Last revision date : 19 October 2020