The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for January 2021.
The number of mortgage applications in January 2021 increased month-on-month by 15.1% to 13,112.
Mortgage loans approved in January 2021 decreased by 1.7% compared with December 2020 to HK$37.8 billion. Among these, mortgage loans financing primary market transactions decreased by 22.5% to HK$5 billion and those financing secondary market transactions increased by 1.5% to HK$27.1 billion. Mortgage loans for refinancing increased by 6.8% to HK$5.8 billion.
Mortgage loans drawn down during January 2021 decreased by 5.9% compared with December 2020 to HK$24.9 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 95.2% in December 2020 to 95.5% in January 2021. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.6% in December 2020 to 2.2% in January 2021.
The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,590.9 billion at end-January 2021.
The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source:：Hong Kong Monetary Authority (2021.02.26)
Contact us by phone or whatsapp anytime
Service Hotline: 2836 6121 / 2836 6183
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