Residential Mortgage Survey Results for November 2012

Press Releases

27 Dec 2012

Residential Mortgage Survey Results for November 2012

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

Mortgage loans drawn down during November increased by 11.2% compared with October to HK$21.2 billion. 

Mortgage loans approved in November decreased by 2.3% compared with October to HK$24.1 billion.  Among these, mortgage loans financing primary market transactions increased by 42.4% to HK$5.6 billion and those financing secondary market transactions decreased by 13.6% to HK$15.4 billion.  Mortgage loans for refinancing increased by 6.2% to HK$3.2 billion. 

The number of mortgage applications in November decreased by 18.9% month-on-month to 10,627.

New mortgage loans priced with reference to best lending rates decreased from 93.1% in October to 92.7% in November, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 4.5% in October to 5.2% in November.

The outstanding value of mortgage loans increased month-on-month by 1.0% to HK$856.9 billion at end-November. 

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

Annex

 

Hong Kong Monetary Authority
27 December 2012

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Last revision date : 27 December 2012