Residential Mortgage Survey Results for March 2019

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

The number of mortgage applications in March increased month-on-month by 55% to 15,703.

Mortgage loans approved in March 2019 increased by 43% compared with February to HK$37.3 billion. Among these, mortgage loans financing primary market transactions increased by 16.6% to HK$7.9 billion and those financing secondary market transactions increased by 57.5% to HK$18.8 billion. Mortgage loans for refinancing increased by 43.8% to HK$10.6 billion.

Mortgage loans drawn down during March increased by 20.7% compared with February to HK$19.9 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 77.5% in February to 86.1% in March. The ratio of new mortgage loans priced with reference to best lending rates decreased from 20.8% in February to 10.8% in March.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,332.2 billion at end-March.

The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
30 April 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.