Category Fraud Alerts HK

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

The number of mortgage applications in January 2021 increased month-on-month by 15.1% to 13,112.

Mortgage loans approved in January 2021 decreased by 1.7% compared with December 2020 to HK$37.8 billion. Among these, mortgage loans financing primary market transactions decreased by 22.5% to HK$5 billion and those financing secondary market transactions increased by 1.5% to HK$27.1 billion. Mortgage loans for refinancing increased by 6.8% to HK$5.8 billion.

Mortgage loans drawn down during January 2021 decreased by 5.9% compared with December 2020 to HK$24.9 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 95.2% in December 2020 to 95.5% in January 2021. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.6% in December 2020 to 2.2% in January 2021.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,590.9 billion at end-January 2021.

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

Annex

 

Hong Kong Monetary Authority
26 February 2021

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