Residential Mortgage Survey Results for January 2018
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The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for January 2018 today (February 28).
The number of mortgage applications in January 2018 increased month-on-month by 34.8% to 14 179.
Mortgage loans approved in January 2018 increased by 37.1% compared with December 2017 to HK$38.1 billion. Among these, mortgage loans financing primary market transactions increased by 42.7% to HK$6.6 billion and those financing secondary market transactions increased by 46.3% to HK$22.9 billion. Mortgage loans for refinancing increased by 14.6% to HK$8.6 billion.
Mortgage loans drawn down during January 2018 increased by 18.2% compared with December 2017 to HK$27.5 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 89.8% in December 2017 to 86.2% in January 2018. The ratio of new mortgage loans priced at fixed rates increased from 5.5% in December 2017 to 8.8% in January 2018.
The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,213.7 billion at end-January 2018.
The mortgage delinquency ratio decreased slightly to 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Wednesday, February 28, 2018
Issued at HKT 17:12
Issued at HKT 17:12
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