Residential Mortgage Survey Results for June 2022

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%.

Annex

Hong Kong Monetary Authority
29 July 2022