The Hong Kong Monetary Authority announced the results of the residential mortgage survey for June 2022.
The number of mortgage applications in June decreased month-on-month by 15.2% to 10,938.
Mortgage loans approved in June decreased by 5.9% compared with May to HK$51.4 billion. Among these, mortgage loans financing primary market transactions increased by 4.7% to HK$7.1 billion and those financing secondary market transactions decreased by 17.1% to HK$31.1 billion. Mortgage loans for refinancing increased by 27.6% to HK$13.2 billion.
Mortgage loans drawn down during June increased by 27.5% compared with May to HK$29.5 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 97.6% in May to 97.9% in June. The ratio of new mortgage loans priced with reference to best lending rates increased from 0.5% in May to 0.6% in June.
The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,774.4 billion at end-June.
The mortgage delinquency ratio increased slightly to 0.05% and the rescheduled loan ratio remained unchanged at nearly 0%.
Hong Kong Monetary Authority
29 July 2022