Residential Mortgage Survey Results for May 2016

Press Releases

30 Jun 2016

Residential Mortgage Survey Results for May 2016

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for May 2016.

The number of mortgage applications in May increased month-on-month by 13% to 9,961.  

Mortgage loans approved in May increased by 16.5% compared with April to HK$23 billion.  Among these, mortgage loans financing primary market transactions increased by 33.5% to HK$5 billion and those financing secondary market transactions increased by 12.2% to HK$12.4 billion.  Mortgage loans for refinancing increased by 13.3% to HK$5.6 billion. 

Mortgage loans drawn down during May increased by 45.8% compared with April to HK$15.3 billion. 

The ratio of new mortgage loans priced with reference to best lending rates decreased from 7.5% in April to 6.9% in May, with the majority priced within the range of 2% and 2.25%. The ratio of new mortgage loans priced with reference to HIBOR increased from 84.2% in April to 85.8% in May.  The ratio of mortgage loans priced at fixed rates decreased from 6.2% in April to 5.3% in May.

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,081 billion at end-May. 

The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
30 June 2016

Latest Press Releases
Last revision date : 30 June 2016