Residential Mortgage Survey Results for June 2018

Press Releases

31 Jul 2018

Residential Mortgage Survey Results for June 2018

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

The number of mortgage applications in June increased month-on-month by 0.6% to 14,579.

Mortgage loans approved in June decreased by 4.8% compared with May to HK$40.6 billion. Among these, mortgage loans financing primary market transactions decreased by 11.9% to HK$5.6 billion and those financing secondary market transactions decreased by 0.5% to HK$24.1 billion. Mortgage loans for refinancing decreased by 9.6% to HK$10.9 billion.

Mortgage loans drawn down during June increased by 8.6% compared with May to HK$33.7 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 67.1% in May to 89.7% in June. The ratio of new mortgage loans priced at fixed rates decreased from 28.5% in May to 5.2% in June.

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,257.8 billion at end-June.

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 July 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