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Residential mortgage survey results for March 2022
The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority announced the results of the residential mortgage survey for March 2022.
     The number of mortgage applications in March increased month-on-month by 48.9 per cent to 9,818.  
     Mortgage loans approved in March increased by 31.6 per cent compared with February to HK$34.7 billion. Among these, mortgage loans financing primary market transactions increased by 40.4 per cent to HK$6.3 billion and those financing secondary market transactions increased by 30.1 per cent to HK$19.4 billion. Mortgage loans for refinancing increased by 29.2 per cent to HK$8.9 billion. 
     Mortgage loans drawn down during March increased by 7.1 per cent compared with February to HK$25.7 billion. 
     The ratio of new mortgage loans priced with reference to HIBOR decreased from 97.3 per cent in February to 97.1 per cent in March. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.4 per cent in February to 1 per cent in March.
     The outstanding value of mortgage loans increased month-on-month by 0.3 per cent to HK$1,760.2 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 29, 2022
Issued at HKT 16:30
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