Official data shows that Hong Kong's third quarter of the negative asset residential mortgage loans in the third quarter of this year were more than 40,000, an increase of more than 34%over the previous quarter, a new high in 20 years.
The data released by the Hong Kong Financial Administration on Thursday (October 31) showed that the number of mortgage loans at the end of the third quarter of this year was 4713, which was 3288.The increase of more than 34%is a new high since the fourth quarter of 2003.
The Financial Management Bureau said that these cases mainly involve loans of house mortgage loans or mortgage insurance plans for bank staff, and the mortgage of such loans is generally high.
Data show that the amount involved in the mortgage loan of negative asset residentials increased from HK $ 155 billion (S $ 26.3 billion) at the end of the second season to HK $ 207.5 billion in the third quarter.The amount of unsecured parts in the mortgage loan of negative asset residential mortgages increased from HK $ 10 billion at the end of the second quarter to HK $ 15.8 billion at the end of the third quarter.
The data also shows that the ratio of negative asset residential mortgage loans that arrears for more than three months at the end of the third quarter are 0.13%, which is still low compared to 0.11%at the end of the second season.
According to the Hong Kong letter report, Cao Deming, chief vice president of Meridian Mortgage, said that the number of negative assets rising does not mean that the owner has the power to contribute to the money.The ratio of the arrears for more than three months is only 0.13%, which is still low.
Wang Meifeng, managing director of the Central Plains Mortgage, believes that recently the building has been comprehensively relaxed and the interest rate reduction cycle starts.Stability, and the relaxation of mortgage is favorable to reduce the proportion of the use of the high number. It is expected that the number of negative assets in the fourth quarter can fall.
