Traditional Chinese Simplified Chinese Email this article
Residential Mortgage Survey Results for July 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 July 2013.

     Mortgage loans drawn down during July decreased by 4.9% compared with June to HK$12.2 billion.

     Mortgage loans approved in July increased by 1.2% compared with June to HK$15.8 billion.  Among these, mortgage loans financing primary market transactions decreased by 36.0% to HK$1.1 billion and those financing secondary market transactions increased by 3.8% to HK$11.9 billion.  Mortgage loans for refinancing increased by 16.0% to HK$2.9 billion.

     The number of mortgage applications in July decreased by 9.4% month-on-month to 8 424.

     New mortgage loans priced with reference to best lending rates decreased from 66.5% in June to 56.6% in July, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 30.2% in June to 39.9% in July.  

     The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$898.4 billion at end-July.

     The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.

Ends/Wednesday, August 28, 2013
Issued at HKT 17:32


Print this page