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Residential Mortgage survey results for March 2018
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 March 2018.
     The number of mortgage applications in March increased month-on-month by 22.8% to 13 716. 
     Mortgage loans approved in March increased by 21.6% compared with February to HK$39.5 billion.  Among these, mortgage loans financing primary market transactions increased by 40.7% to HK$7.6 billion and those financing secondary market transactions increased by 10.9% to HK$22.0 billion.  Mortgage loans for refinancing increased by 36.4% to HK$9.8 billion. 
     Mortgage loans drawn down during March increased by 41.2% compared with February to HK$29.8 billion. 
     The ratio of new mortgage loans priced with reference to HIBOR decreased from 68.4% in February to 50.3% in March. The ratio of new mortgage loans priced at fixed rates increased from 27.6% in February to 45.4% in March.
     The outstanding value of mortgage loans increased month-on-month by 0.8% to HK$1,228.4 billion at end-March. 
     The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Monday, April 30, 2018
Issued at HKT 16:30
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