Residential Mortgage Survey Results for October 2012

Press Releases

28 Nov 2012

Residential Mortgage Survey Results for October 2012

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for October 2012.

Mortgage loans drawn down during October increased by 4.1% compared with September to HK$19 billion. 

Mortgage loans approved in October increased by 10.3% compared with September to HK$24.7 billion.  Among these, mortgage loans financing primary market transactions increased by 42.5% to HK$3.9 billion and those financing secondary market transactions increased by 6.8% to HK$17.8 billion.  Mortgage loans for refinancing remained unchanged at HK$3 billion. 

The number of mortgage applications in October increased by 7.1% month-on-month to 13,098.

New mortgage loans priced with reference to best lending rates decreased from 94.4% in September to 93.1% in October, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 2.9% in September to 4.5% in October.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$848.1 billion at end-October.

In October, the mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at 0.01%.

Annex

 

Hong Kong Monetary Authority
28 November 2012

Latest Press Releases
Last revision date : 28 November 2012