Residential Mortgage Survey Results for May 2020

Press Releases

30 Jun 2020

Residential Mortgage Survey Results for May 2020

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

The number of mortgage applications in May increased month-on-month by 38.4% to 15,019.

Mortgage loans approved in May increased by 26% compared with April to HK$41 billion. Among these, mortgage loans financing primary market transactions increased by 11.2% to HK$6.5 billion and those financing secondary market transactions increased by 37.6% to HK$28.5 billion. Mortgage loans for refinancing decreased by 0.1% to HK$5.9 billion.

Mortgage loans drawn down during May increased by 36.4% compared with April to HK$23.6 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 90.5% in April to 91% in May. The ratio of new mortgage loans priced with reference to best lending rates decreased from 6.4% in April to 5.7% in May.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,502.1 billion at end-May.

The mortgage delinquency ratio increased slightly to 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
30 June 2020

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Last revision date : 30 June 2020