Residential Mortgage Survey Results for January 2019

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2019.

The number of mortgage applications in January 2019 increased month-on-month by 54.6 % to 11,496.

Mortgage loans approved in January 2019 increased by 18.9% compared with December 2018 to HK$28 billion. Among these, mortgage loans financing primary market transactions increased by 11.1% to HK$7.2 billion and those financing secondary market transactions increased by 40.7% to HK$10.9 billion. Mortgage loans for refinancing increased by 6.4% to HK$9.9 billion.

Mortgage loans drawn down during January 2019 increased by 39.7% compared with December 2018 to HK$29.8 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 46.6% in December 2018 to 49.3% in January 2019. The ratio of new mortgage loans priced with reference to best lending rates decreased from 51.6% in December 2018 to 48% in January 2019.

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,324.7 billion at end-January 2019.

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

Annex

Hong Kong Monetary Authority
28 February 2019

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.