The Hong Kong Monetary Authority (“ HKMA ”) announced the results of the April 2021 residential mortgage survey.
The number of mortgage applications in April fell 7.7% month over month to 16,568.
Mortgages approved in April fell 4.3% from March to HK $ 50.8 billion. Of these, mortgages financing primary market transactions declined 21.7% to HK $ 7.6 billion and those financing secondary market transactions increased 0.8% to 36 , 5 billion Hong Kong dollars. Mortgages intended for refinancing fell 6.4% to HK $ 6.7 billion.
Mortgages drawn in April fell 2.4% from March to HK $ 29.5 billion.
The ratio of new mortgages valued to HIBOR fell from 95.7% in March to 96.7% in April. The ratio of new assessed mortgages to best lending rates fell from 1.8% in March to 1.1% in April.
Outstanding mortgages rose 0.7% month over month to HK $ 1,616.4 billion at the end of April.
The mortgage default rate was unchanged at 0.04% and the rescheduled loan ratio was unchanged at nearly 0%.
Hong Kong Monetary Authority
May 31, 2021
Hong Kong Monetary Authority published this content on May 31, 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unchanged, on 31 May 2021 08:49:08 UTC.