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Residential mortgage survey results for July 2019
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 2019.
     The number of mortgage applications in July increased month-on-month by 18.9 per cent to 15 140.  
     Mortgage loans approved in July increased by 4.4 per cent compared with June to HK$46.6 billion. Among these, mortgage loans financing primary market transactions decreased by 1.1 per cent to HK$11.3 billion and those financing secondary market transactions decreased by 11.1 per cent to HK$16.8 billion. Mortgage loans for refinancing increased by 29.2 per cent to HK$18.5 billion. 
     Mortgage loans drawn down during July increased by 5.7 per cent compared with June to HK$40.7 billion. 
     The ratio of new mortgage loans priced with reference to HIBOR increased from 88.3 per cent in June to 88.5 per cent in July. The ratio of new mortgage loans priced with reference to best lending rates increased from 8.9 per cent in June to 9 per cent in July.
     The outstanding value of mortgage loans increased month-on-month by 1.3 per cent to HK$1,388.3 billion at end-July. 
     The mortgage delinquency ratio remained unchanged at 0.02 per cent and the rescheduled loan ratio remained unchanged at nearly 0 per cent.
Ends/Friday, August 30, 2019
Issued at HKT 16:30
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