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Residential Mortgage Survey Results for March 2021  
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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 2021.
      
     The number of mortgage applications in March increased month-on-month by 44.1 per cent to 17 946.
      
     Mortgage loans approved in March increased by 39 per cent compared with February to HK$53 billion. Among these, mortgage loans financing primary market transactions increased by 86.5 per cent to HK$9.7 billion and those financing secondary market transactions increased by 31.5 per cent to HK$36.2 billion. Mortgage loans for refinancing increased by 31.7 per cent to HK$7.1 billion. 
      
     Mortgage loans drawn down during March increased by 56.3 per cent compared with February to HK$30.2 billion. 
      
     The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.9 per cent in February to 95.7 per cent in March. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.7 per cent in February to 1.8 per cent in March.
      
     The outstanding value of mortgage loans increased month-on-month by 0.6 per cent to HK$1,605.3 billion at end-March. 
      
     The mortgage delinquency ratio remained unchanged at 0.04 per cent and the rescheduled loan ratio remained unchanged at nearly 0 per cent.
 
Ends/Friday, April 30, 2021
Issued at HKT 16:30
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