The Hong Kong Monetary Authority announced the results of the residential mortgage survey for April 2024.
The number of mortgage applications in April increased month-on-month by 11.7% to 9,629.
Mortgage loans approved in April increased by 52.4% compared with March to HK$29 billion. Among these, mortgage loans financing primary market transactions increased by 64.8% to HK$11.1 billion and those financing secondary market transactions increased by 64.2% to HK$15.3 billion. Mortgage loans for refinancing decreased by 12.7% to HK$2.6 billion.
Mortgage loans drawn down during April increased by 9.9% compared with March to HK$13 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 93.1% in March to 93% in April. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.5% in March to 2.2% in April.
The outstanding value of mortgage loans remained virtually unchanged in April, standing at HK$1,853.2 billion at end-April.
The mortgage delinquency ratio remained unchanged at 0.09% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：The Hong Kong Monetary Authority (2024.5.31)
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