Residential Mortgage Survey Results for October 2017

Press Releases

30 Nov 2017

Residential Mortgage Survey Results for October 2017

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

The number of mortgage applications in October decreased month-on-month by 0.8% to 11,280.

Mortgage loans approved in October decreased by 1.6% compared with September to HK$29.1 billion. Among these, mortgage loans financing primary market transactions decreased by 4.5% to HK$6.0 billion and those financing secondary market transactions increased by 3.6% to HK$14.4 billion. Mortgage loans for refinancing decreased by 7.4% to HK$8.6 billion.

Mortgage loans drawn down during October decreased by 22% compared with September to HK$21.6 billion.  

The ratio of new mortgage loans priced with reference to HIBOR decreased from 93.4% in September to 93.1% in October. The ratio of new mortgage loans priced with reference to best lending rates remained unchanged at 2.2% in October.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,190.2 billion at end-October.  

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

Annex

 

Hong Kong Monetary Authority
30 November 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.

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Last revision date : 19 October 2020