Residential Mortgage Survey Results for June 2010

Press Releases

27 Jul 2010

Residential Mortgage Survey Results for June 2010

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for June 2010.

New mortgage loans drawn down during June increased by 6.5% to HK$30.8 billion compared with May.

New loans approved decreased by 6.2% to HK$35.4 billion. Approvals for secondary market transactions dropped HK$0.7 billion or 3.1% while those for refinancing loans dropped HK$2.4 billion or 21.9%. They were partially offset by an increase of HK$0.8 billion or 16.3% in approvals for primary market transactions. The number of new applications rose by 8.2% to 21,947.

Around 15% of the new mortgage loans approved in June were priced with reference to best lending rates. The majority of these loans were in the price range of 2% to less than 2.25%. The proportion of new mortgage loans priced with reference to HIBOR increased to 83.9% from 82.7% in May.

The outstanding value of mortgage loans increased by 0.6% to HK$679.5 billion.

The mortgage delinquency ratio remained at 0.03% while the rescheduled loan ratio edged down to 0.05% in June.


For media enquiries, please contact:
Yokee Wong, Manager (Communications), at 2878 1213 or
Natalie Wu, Officer (Communications), at 2878 8246

Hong Kong Monetary Authority
27 July 2010

Latest Press Releases
Last revision date : 27 July 2010