Residential Mortgage Survey Results for April 2018

Press Releases

31 May 2018

Residential Mortgage Survey Results for April 2018

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

The number of mortgage applications in April increased month-on-month by 8.6% to 14,898. 

Mortgage loans approved in April decreased by 5.6% compared with March to HK$37.3 billion.  Among these, mortgage loans financing primary market transactions decreased by 15% to HK$6.5 billion and those financing secondary market transactions decreased by 5.7% to HK$20.8 billion.  Mortgage loans for refinancing increased by 1.9% to HK$10 billion.

Mortgage loans drawn down during April decreased by 11.3% compared with March to HK$26.4 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 50.3% in March to 46.3% in April. The ratio of new mortgage loans priced at fixed rates increased from 45.4% in March to 49.3% in April.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,236.3 billion at end-April.

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

Annex

 

Hong Kong Monetary Authority
31 May 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.

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Last revision date : 19 October 2020