Residential Mortgage Survey Results for September 2011

Press Releases

28 Oct 2011

Residential Mortgage Survey Results for September 2011

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2011.

New mortgage loans drawn down during September decreased by 6.4% to HK$13.8 billion compared with August. 

New loans approved in September fell by 7.5% to HK$14.6 billion compared with August. Among these, approvals for primary market transactions increased by 2.6% to HK$2.6 billion while approvals for secondary market transactions declined by 6.0% to HK$9.9 billion. Approvals for refinancing dropped by 22.2% to HK$2.2 billion. The number of new applications in September fell by 4.8% compared with August to 9,218. The figures reflect an overall decline in transaction volume.      

New mortgage loans priced with reference to best lending rates increased from 42.1% in August 2011 to 51.3% in September 2011, with the largest portion priced less than 2.25%. New mortgage loans priced with reference to HIBOR decreased to 46.2% in September, mainly reflecting banks’ upward adjustments in the mortgage rate priced with reference to HIBOR.

The outstanding value of mortgage loans increased by 0.3% to HK$799.4 billion at end-September compared with end-August.  

The mortgage delinquency ratio and the rescheduled loan ratio remained unchanged at 0.01% and 0.03% respectively in September.   

Annex

Hong Kong Monetary Authority
28 October 2011

Latest Press Releases
Last revision date : 28 October 2011