Traditional Chinese Simplified Chinese Email this article
Residential mortgage survey results for May 2013

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

     The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for May 2013.

     Mortgage loans drawn down during May decreased by 3.4% compared with April to HK$14.5 billion.

     Mortgage loans approved in May decreased by 4.6% compared with April to HK$15.5 billion. Among these, mortgage loans financing primary market transactions decreased by 28.3% to HK$3.3 billion and those financing secondary market transactions increased by 14.2% to HK$9.4 billion. Mortgage loans for refinancing decreased by 18.1% to HK$2.8 billion.

     The number of mortgage applications in May increased by 17.8% month-on-month to 8,681. The figures reflect an increase in residential property transaction volume.

     New mortgage loans priced with reference to best lending rates decreased from 84.6% in April to 78.9% in May, with majority priced within the range of 2% and 2.5%. New mortgage loans priced with reference to HIBOR increased from 11.8% in April to 16.2% in May.  

     The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$892.7 billion at end-May.

     The mortgage delinquency ratio increased slightly from 0.01% in April to 0.02% in May. The rescheduled loan ratio remained unchanged at nearly 0%.

Ends/Wednesday, June 26, 2013
Issued at HKT 16:59


Print this page