Residential Mortgage Survey Results for June 2020

Press Releases

31 Jul 2020

Residential Mortgage Survey Results for June 2020

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

The number of mortgage applications in June decreased month-on-month by 7.9% to 13,829.

Mortgage loans approved in June increased by 16.3% compared with May to HK$47.6 billion. Among these, mortgage loans financing primary market transactions increased by 28.6% to HK$8.4 billion and those financing secondary market transactions increased by 19% to HK$33.9 billion. Mortgage loans for refinancing decreased by 10% to HK$5.3 billion.

Mortgage loans drawn down during June increased by 23.8% compared with May to HK$29.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 91% in May to 92.2% in June. The ratio of new mortgage loans priced with reference to best lending rates decreased from 5.7% in May to 4.7% in June.

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,514.9 billion at end-June.

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

Annex

 

Hong Kong Monetary Authority
31 July 2020

Latest Press Releases
Last revision date : 31 July 2020