The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for June 2021.
The number of mortgage applications in June decreased month-on-month by 3.6% to 15,326.
Mortgage loans approved in June increased by 3% compared with May to HK$58.4 billion. Among these, mortgage loans financing primary market transactions increased by 15.9% to HK$8.4 billion and those financing secondary market transactions decreased by 3.3% to HK$39.2 billion. Mortgage loans for refinancing increased by 21.6% to HK$10.8 billion.
Mortgage loans drawn down during June increased by 9.5% compared with May to HK$39.1 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 96.8% in May to 96.4% in June. The ratio of new mortgage loans priced with reference to best lending rates increased from 1% in May to 1.4% in June.
The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,648.6 billion at end-June.
The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：Hong Kong Monetary Authority (2021.07.30)