Residential Mortgage Survey Results for January 2020

Press Releases

28 Feb 2020

Residential Mortgage Survey Results for January 2020

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2020.

The number of mortgage applications in January 2020 increased month-on-month by 16.3% to 9,115.

Mortgage loans approved in January 2020 decreased by 6.4% compared with December 2019 to HK$24.9 billion. Among these, mortgage loans financing primary market transactions decreased by 13% to HK$4.6 billion and those financing secondary market transactions decreased by 7.1% to HK$14.7 billion. Mortgage loans for refinancing increased by 2% to HK$5.6 billion.

Mortgage loans drawn down during January 2020 increased by 9.6% compared with December 2019 to HK$23.4 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 77.1% in December 2019 to 80.2% in January 2020. The ratio of new mortgage loans priced with reference to best lending rates decreased from 19.8% in December 2019 to 16.7% in January 2020.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,446 billion at end-January 2020.

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

Annex

 

Hong Kong Monetary Authority
28 February 2020

 

 

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.

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Last revision date : 19 October 2020