Residential Mortgage Survey Results for July 2020

Press Releases

31 Aug 2020

Residential Mortgage Survey Results for July 2020

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

The number of mortgage applications in July decreased month-on-month by 4.2% to 13,246.

Mortgage loans approved in July decreased by 9.8% compared with June to HK$43 billion. Among these, mortgage loans financing primary market transactions decreased by 2% to HK$8.2 billion and those financing secondary market transactions decreased by 12.3% to HK$29.7 billion. Mortgage loans for refinancing decreased by 6.3% to HK$5 billion.

Mortgage loans drawn down during July increased by 7.3% compared with June to HK$31.4 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 92.2% in June to 91.6% in July. The ratio of new mortgage loans priced with reference to best lending rates increased from 4.7% in June to 5.1% in July.

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,528 billion at end-July.

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 August 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