Residential Mortgage Survey Results for May 2022
The Hong Kong Monetary Authority announced the results of the residential mortgage survey for May 2022.

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for May 2022.

The number of mortgage applications in May increased month-on-month by 9% to 12,892.

Mortgage loans approved in May increased by 43.2% compared with April to HK$54.6 billion. Among these, mortgage loans financing primary market transactions increased by 19.1% to HK$6.8 billion and those financing secondary market transactions increased by 59.9% to HK$37.5 billion. Mortgage loans for refinancing increased by 15.1% to HK$10.3 billion.

Mortgage loans drawn down during May increased by 19.6% compared with April to HK$23.1 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 97.4% in April to 97.6% in May. The ratio of new mortgage loans priced with reference to best lending rates decreased from 0.8% in April to 0.5% in May.

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,766.6 billion at end-May.

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

Source:The Hong Kong Monetary Authority (2022.06.30)


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