Sep 2022 2
Residential Mortgage Survey Results for July 2022

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)

Service Hotline: 2836 6121 / 2836 6183
Signal / WHATSAPP: 5662 2730


download app store icon 4
download our app icon 23 e1662005373862

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.

You may also interested articles