Residential Mortgage Survey Results for April 2022

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for April 2022.

The number of mortgage applications in April increased month-on-month by 20.5% to 11,830.

Mortgage loans approved in April increased by 10.1% compared with March to HK$38.2 billion. Among these, mortgage loans financing primary market transactions decreased by 8.8% to HK$5.7 billion and those financing secondary market transactions increased by 20.7% to HK$23.4 billion. Mortgage loans for refinancing increased by 0.5% to HK$9 billion.

Mortgage loans drawn down during April decreased by 24.7% compared with March to HK$19.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 97.1% in March to 97.4% in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1% in March to 0.8% in April.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,762.5 billion at end-April.

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 May 2022