Residential Mortgage Survey Results for November 2015

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for November 2015.

The number of mortgage applications in November increased month-on-month by 0.6% to 6,571.

Mortgage loans approved in November decreased by 9.3% compared with October to HK$15.4 billion.  Among these, mortgage loans financing primary market transactions decreased by 5.9% to HK$4 billion and those financing secondary market transactions decreased by 18.3% to HK$6.8 billion.  Mortgage loans for refinancing increased by 4.4% to HK$4.6 billion.

Mortgage loans drawn down during November decreased by 17% compared with October to HK$15.6 billion.

The ratio of new mortgage loans priced with reference to best lending rates decreased from 14.8% in October to 13.4% in November, with the majority priced within the range of 2% and 2.25%. The ratio of new mortgage loans priced with reference to HIBOR increased from 79.2% in October to 80.3% in November.  

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,072.4 billion at end-November.

The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
31 December 2015