Residential Mortgage Survey Results for July 2018

Press Releases

31 Aug 2018

Residential Mortgage Survey Results for July 2018

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

The number of mortgage applications in July decreased month-on-month by 2.5% to 14,217.

Mortgage loans approved in July increased by 9% compared with June to HK$44.3 billion. Among these, mortgage loans financing primary market transactions increased by 41.8% to HK$8 billion and those financing secondary market transactions decreased by 1.1% to HK$23.8 billion. Mortgage loans for refinancing increased by 14.6% to HK$12.5 billion.

Mortgage loans drawn down during July decreased by 10.6% compared with June to HK$30.1 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 89.7% in June to 94.5% in July. The ratio of new mortgage loans priced at fixed rates decreased from 5.2% in June to 0.3% in July.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,266.9 billion at end-July.

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 August 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