Residential Mortgage Survey Results for August 2021

Press Releases

30 Sep 2021

Residential Mortgage Survey Results for August 2021

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for August 2021.

The number of mortgage applications in August decreased month-on-month by 8.2% to 13,927.

Mortgage loans approved in August decreased by 0.2% compared with July to HK$54.3 billion. Among these, mortgage loans financing primary market transactions increased by 8.3% to HK$7.5 billion and those financing secondary market transactions decreased by 4.6% to HK$36.3 billion. Mortgage loans for refinancing increased by 11.6% to HK$10.6 billion.

Mortgage loans drawn down during August increased by 0.9% compared with July to HK$39.6 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 96.5% in July to 97.5% in August. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.2% in July to 1.1% in August.

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,679.8 billion at end-August.

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

Annex

 

Hong Kong Monetary Authority
30 September 2021

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Last revision date : 30 September 2021