The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for August 2020.
The number of mortgage applications in August decreased month-on-month by 18.1% to 10,846.
Mortgage loans approved in August decreased by 12.2% compared with July to HK$37.7 billion. Among these, mortgage loans financing primary market transactions decreased by 21.2% to HK$6.5 billion and those financing secondary market transactions decreased by 11.8% to HK$26.2 billion. Mortgage loans for refinancing increased by 1% to HK$5.1 billion.
Mortgage loans drawn down during August decreased by 3.5% compared with July to HK$30.3 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 91.6% in July to 92.9% in August. The ratio of new mortgage loans priced with reference to best lending rates decreased from 5.1% in July to 4.2% in August.
The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,544.2 billion at end-August.
The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.
Hong Kong Monetary Authority
30 September 2020
[ad_2]
Source link
Is your business effected by Cyber Crime?
If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters. Contact Digitpol’s hotlines or respond to us online.
Digitpol is available 24/7.
Email: info@digitpol.com
ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944