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 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.

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)

Service Hotline: 2836 6121 / 2836 6183
Signal / WHATSAPP: 5662 2730

Email: mortgage@ricacorp.com

download app store icon 4
download our app icon 23 e1662005373862

RicaMortgage Pro APP provides one stop mortgage support, tools and services to help you find out which mortgage loans that best suits your financial situation.

You may also interested articles