Residential Mortgage Survey Results for February 2019

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

The number of mortgage applications in February decreased month-on-month by 11.9 % to 10,133.

Mortgage loans approved in February 2019 decreased by 6.9% compared with January to HK$26.1 billion. Among these, mortgage loans financing primary market transactions decreased by 6.1% to HK$6.8 billion and those financing secondary market transactions increased by 9.8% to HK$11.9 billion. Mortgage loans for refinancing decreased by 25.8% to HK$7.3 billion.

Mortgage loans drawn down during February decreased by 44.6% compared with January to HK$16.5 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 49.3% in January to 77.5% in February. The ratio of new mortgage loans priced with reference to best lending rates decreased from 48% in January to 20.8% in February.

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,328 billion at end-February.

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 March 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.