Mortgage loans approved in February increased by 1% compared with January to HK$38.1 billion. Among these, mortgage loans financing primary market transactions increased by 5% to HK$5.2 billion and those financing secondary market transactions increased by 1.8% to HK$27.5 billion. Mortgage loans for refinancing decreased by 6.4% to HK$5.4 billion.
The number of mortgage applications in February decreased month-on-month by 5% to 12,455.

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for February 2021.

The number of mortgage applications in February decreased month-on-month by 5% to 12,455.

Mortgage loans approved in February increased by 1% compared with January to HK$38.1 billion. Among these, mortgage loans financing primary market transactions increased by 5% to HK$5.2 billion and those financing secondary market transactions increased by 1.8% to HK$27.5 billion. Mortgage loans for refinancing decreased by 6.4% to HK$5.4 billion.

Mortgage loans drawn down during February decreased by 22.5% compared with January to HK$19.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 95.5% in January to 95.9% in February. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.2% in January to 1.7% in February.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,595.9 billion at end-February.

The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

Source::Hong Kong Monetary Authority (2021.03.31)


Contact us by phone or whatsapp anytime

Service Hotline: 2836 6121 / 2836 6183
WHATSAPP: 96083114

Email: mortgage@ricacorp.com
RicaMortgage Pro provides one stop mortgage support, tools and services to help you find out which mortgage loans that best suits your financial situation.

RicaMortgage Pro APP provides one stop mortgage support, tools and services to help you find out which mortgage loans that best suits your financial situation.

IOS user: http://apple.co/1Nbxhzo
Android user: http://bit.ly/1IJhbJb

You may also interested articles