Residential Mortgage Survey Results for September 2017

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2017.

The number of mortgage applications in September increased month-on-month by 4.3% to 11,376.  

Mortgage loans approved in September decreased by 1.7% compared with August to HK$29.5 billion.  Among these, mortgage loans financing primary market transactions increased by 6.6% to HK$6.3 billion and those financing secondary market transactions increased by 4.6% to HK$13.9 billion.  Mortgage loans for refinancing decreased by 14% to HK$9.3 billion. 

Mortgage loans drawn down during September decreased by 1% compared with August to HK$27.8 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.4% in August to 93.4% in September. The ratio of new mortgage loans priced with reference to best lending rates increased from 2.1% in August to 2.2% in September.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,186.9 billion at end- September. 

The mortgage delinquency ratio decreased slightly to 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
31 October 2017

Note:

(Updates in October 2020) Due to classification issues of the data submitted by a reporting institution for the residential mortgage survey earlier, relevant results need to be revised. Details can be found on monthly statistical bulletin.