Traditional Chinese Simplified Chinese Email this article
Residential mortgage survey results for June 2011

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority announced the results of the residential mortgage survey for June 2011.

     New mortgage loans drawn down during June decreased by 9.4% to HK$24.0 billion compared with May.  

     New loans approved in June fell by 16.0% to HK$26.6 billion. Approvals for primary market transactions and secondary market transactions decreased by HK$1.9 billion (33.7%) and HK$2.2 billion (11.0%) respectively, while those for refinancing decreased by HK$0.9 billion (16.8%). The number of new applications in June fell by 30.3% to 11 913. The fall in the number of new applications in June reflects the lower transaction volume following the latest round of tightening of the underwriting standards of mortgage lending introduced on June 10, 2011.

     Around 19% of the new mortgage loans approved in June were priced with reference to best lending rates, with the largest portion in the price range of 2% to less than 2.25%. The proportion of new mortgage loans priced with reference to HIBOR decreased to 79.9% from 87.2% in May.

     The outstanding value of mortgage loans increased by 1.0% to HK$788.2 billion.

     The mortgage delinquency ratio and the rescheduled loan ratio remained unchanged at 0.01% and 0.03% respectively in June.

Ends/Monday, July 25, 2011
Issued at HKT 16:44


Print this page