Residential Mortgage Survey Results for January 2017

Press Releases

28 Feb 2017

Residential Mortgage Survey Results for January 2017

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2017.

The number of mortgage applications in January 2017 decreased month-on-month by 5.6% to 9,914.  

Mortgage loans approved in January 2017 decreased by 12.9% compared with December 2016 to HK$28.3 billion.  Among these, mortgage loans financing primary market transactions decreased by 16.9 % to HK$6.9 billion and those financing secondary market transactions decreased by 10.9% to HK$13.5 billion.  Mortgage loans for refinancing decreased by 12.6% to HK$8 billion. 

Mortgage loans drawn down during January 2017 decreased by 14.9% compared with December 2016 to HK$25.2 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 94.9% in December 2016 to 93.5% in January 2017. The ratio of new mortgage loans priced with reference to best lending rates increased from 2.5% in December 2016 to 2.6% in January 2017.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,126.2 billion at end-January 2017. 

The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
28 February 2017

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Last revision date : 26 January 2017