Residential Mortgage Survey Results for April 2020

Press Releases

29 May 2020

Residential Mortgage Survey Results for April 2020

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

The number of mortgage applications in April decreased month-on-month by 16.8% to 10,838.

Mortgage loans approved in April decreased by 2.1% compared with March to HK$32.4 billion. Among these, mortgage loans financing primary market transactions decreased by 23.9% to HK$5.9 billion and those financing secondary market transactions increased by 9.1% to HK$20.7 billion. Mortgage loans for refinancing decreased by 9% to HK$5.9 billion.

Mortgage loans drawn down during April decreased by 16.6% compared with March to HK$17.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 88.7% in March to 90.5% in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 8.2% in March to 6.4% in April.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,464.3 billion at end-April.

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

Annex

 

Hong Kong Monetary Authority
29 May 2020

Latest Press Releases
Last revision date : 29 May 2020