Residential mortgage loans in negative equity decrease to a single case

Posted: Oct 28 2014Last Updated: Jul 14 2017
Share:
28 October 2014 - The Hong Kong Monetary Authority yesterday announced the results of its latest analysis on residential mortgage loans (RMLs) in negative equity. The report shows that the estimated number of RMLs in negative equity decreased to 1 case at the end of September 2014 from 30 cases at the end of June 2014. 
 
In addition, the report said that the aggregate value of RMLs in negative equity decreased to HK$2 million at the end of September 2014 compared with HK$129 million at the end of June 2014. The unsecured portion of these loans decreased to HK$0.02 million at the end of September 2014 from HK$3 million at the end of June 2014.
 
Since the first quarter of 2011, there have been no RMLs in negative equity with delinquencies of more than three months.
 
Please click here for more details.

You May Also Like

Despite the Current Coronavirus Crisis, Real Estate Experts Don’t Foresee Prices Fal

12 March 2020 - Amidst the black-swan emergence of the coronavirus, rather than simply state my own views about the potential impact on property prices, I want to also summarize what various real estate experts across different parts of the industry
By: Joshua Han Miller

7 Tips to Consider if You Plan to Sell Your Home in Hong Kong

5 October 2020 - Events over the past year or so have contributed to significant economic turmoil in Hong Kong and by extension seriously upset the once predictably expensive local home property market. As a result, increasing numbers of homeowners
By: OKAY.com
More Insights

Tight on time? Let our expert agents do the searching for you!

OKAY.COM - iOS App StoreOKAY.COM - Android Play Store
15/F, Wilson House, 19-27 Wyndham Street, Central, Hong Kong | T:+852 2102 0888
Do you want to login
You already have an account with us? How about logging in?