Residential Mortgage Survey Results for July 2019

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

The number of mortgage applications in July increased month-on-month by 18.9% to 15,140.

Mortgage loans approved in July increased by 4.4% compared with June to HK$46.6 billion. Among these, mortgage loans financing primary market transactions decreased by 1.1% to HK$11.3 billion and those financing secondary market transactions decreased by 11.1% to HK$16.8 billion. Mortgage loans for refinancing increased by 29.2% to HK$18.5 billion.

Mortgage loans drawn down during July increased by 5.7% compared with June to HK$40.7 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 88.3% in June to 88.5% in July. The ratio of new mortgage loans priced with reference to best lending rates increased from 8.9% in June to 9% in July.

The outstanding value of mortgage loans increased month-on-month by 1.3% to HK$1,388.3 billion at end-July.

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 August 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.