The Hong Kong Monetary Authority announced the results of the residential mortgage survey for July 2022.
The number of mortgage applications in July decreased month-on-month by 13.2% to 9,497.
Mortgage loans approved in July decreased by 22.1% compared with June to HK$40.1 billion. Among these, mortgage loans financing primary market transactions increased by 3.3% to HK$7.4 billion and those financing secondary market transactions decreased by 30.3% to HK$21.7 billion. Mortgage loans for refinancing decreased by 16.5% to HK$11 billion.
Mortgage loans drawn down during July increased by 4.3% compared with June to HK$30.8 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 97.9% in June to 96.8% in July. The ratio of new mortgage loans priced with reference to best lending rates increased from 0.6% in June to 1% in July.
The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$1,783.4 billion at end-July.
The mortgage delinquency ratio remained unchanged at 0.05% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：The Hong Kong Monetary Authority (2022.08.31)
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