The Hong Kong Monetary Authority ('HKMA') announced the results of the residential mortgage survey for April 2021.
The number of mortgage applications in April decreased month-on-month by 7.7% to 16,568.
Mortgage loans approved in April decreased by 4.3% compared with March to HK$50.8 billion. Among these, mortgage loans financing primary market transactions decreased by 21.7% to HK$7.6 billion and those financing secondary market transactions increased by 0.8% to HK$36.5 billion. Mortgage loans for refinancing decreased by 6.4% to HK$6.7 billion.
Mortgage loans drawn down during April decreased by 2.4% compared with March to HK$29.5 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 95.7% in March to 96.7% in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.8% in March to 1.1% in April.
The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,616.4 billion at end-April.
The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.
Hong Kong Monetary Authority
31 May 2021
Hong Kong Monetary Authority published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 08:49:08 UTC.