The Hong Kong Monetary Authority announced the results of the residential mortgage survey for June 2024.
The number of mortgage applications in June decreased month-on-month by 17.2% to 6,690.
Mortgage loans approved in June decreased by 22.5% compared with May to HK$24.5 billion. Among these, mortgage loans financing primary market transactions decreased by 25.6% to HK$8.6 billion and those financing secondary market transactions decreased by 21.3% to HK$13.8 billion. Mortgage loans for refinancing decreased by 16.6% to HK$2.1 billion.
Mortgage loans drawn down during June increased by 46.9% compared with May to HK$24.3 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 92% in May to 90.4% in June. The ratio of new mortgage loans priced with reference to best lending rates increased from 3.5% in May to 4.3% in June.
The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,866.8 billion at end-June.
The mortgage delinquency ratio increased slightly to 0.1% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：The Hong Kong Monetary Authority (2024.7.31)
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