Residential Mortgage Survey Results for May 2018

Press Releases

29 Jun 2018

Residential Mortgage Survey Results for May 2018

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

The number of mortgage applications in May decreased month-on-month by 2.7% to 14,491.

Mortgage loans approved in May increased by 14.4% compared with April to HK$42.6 billion. Among these, mortgage loans financing primary market transactions decreased by 2.1% to HK$6.4 billion and those financing secondary market transactions increased by 16.6% to HK$24.2 billion. Mortgage loans for refinancing increased by 20.4% to HK$12.1 billion.

Mortgage loans drawn down during May increased by 17.6% compared with April to HK$31 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 46.3% in April to 67.1% in May. The ratio of new mortgage loans priced at fixed rates decreased from 49.3% in April to 28.5% in May.

The outstanding value of mortgage loans increased month-on-month by 0.8% to HK$1,246.3 billion at end-May.

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

Annex

 

Hong Kong Monetary Authority
29 June 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