The Hong Kong Monetary Authority announced the results of the residential mortgage survey for June 2023.
The number of mortgage applications in June decreased month-on-month by 13.4% to 8,250.
Mortgage loans approved in June decreased by 19.4% compared with May to HK$34.3 billion. Among these, mortgage loans financing primary market transactions decreased by 43.2% to HK$7.7 billion and those financing secondary market transactions decreased by 21.6% to HK$17.6 billion. Mortgage loans for refinancing increased by 36.5% to HK$9.1 billion.
Mortgage loans drawn down during June increased by 19.3% compared with May to HK$28.5 billion.
The ratio of new mortgage loans priced with reference to HIBOR increased from 94% in May to 94.8% in June. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.8% in May to 2.5% in June.
The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,841.3 billion at end-June.
The mortgage delinquency ratio remained unchanged at 0.07% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：The Hong Kong Monetary Authority (2023.07.31)
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