Residential Mortgage Survey Results for July 2017

Press Releases

31 Aug 2017

Residential Mortgage Survey Results for July 2017

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

The number of mortgage applications in July decreased month-on-month by 38% to 9,090.

Mortgage loans approved in July decreased by 23.5% compared with June to HK$33.7 billion. Among these, mortgage loans financing primary market transactions decreased by 26.3% to HK$7.5 billion and those financing secondary market transactions decreased by 26.1% to HK$14.4 billion. Mortgage loans for refinancing decreased by 18% to HK$11.8 billion.

Mortgage loans drawn down during July increased by 1.2% compared with June to HK$32.4 billion.

The ratio of new mortgage loans priced with reference to HIBOR remained unchanged at 95.9% in July. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.6% in June to 2% in July.

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,172 billion at end-July.

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

Annex

 

Hong Kong Monetary Authority
31 August 2017

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Last revision date : 31 August 2017