Category Fraud Alerts HK

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for February 2021.

The number of mortgage applications in February decreased month-on-month by 5% to 12,455.

Mortgage loans approved in February increased by 1% compared with January to HK$38.1 billion. Among these, mortgage loans financing primary market transactions increased by 5% to HK$5.2 billion and those financing secondary market transactions increased by 1.8% to HK$27.5 billion. Mortgage loans for refinancing decreased by 6.4% to HK$5.4 billion.

Mortgage loans drawn down during February decreased by 22.5% compared with January to HK$19.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 95.5% in January to 95.9% in February. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.2% in January to 1.7% in February.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,595.9 billion at end-February.

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



Hong Kong Monetary Authority
31 March 2021


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