Residential Mortgage Survey Results for April 2019

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

The number of mortgage applications in April decreased month-on-month by 4.3% to 15,026.

Mortgage loans approved in April 2019 increased by 7.9% compared with March to HK$40.2 billion. Among these, mortgage loans financing primary market transactions increased by 5.9% to HK$8.4 billion and those financing secondary market transactions increased by 12.8% to HK$21.2 billion. Mortgage loans for refinancing increased by 0.6% to HK$10.6 billion.

Mortgage loans drawn down during April increased by 6.5% compared with March to HK$21.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 86.1% in March to 89% in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 10.8% in March to 8.1% in April.

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,337 billion at end-April.

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 May 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.