Residential Mortgage Survey Results for December 2012

Press Releases

28 Jan 2013

Residential Mortgage Survey Results for December 2012

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

Mortgage loans drawn down during December decreased by 10.8% compared with November to HK$18.9 billion. 

Mortgage loans approved in December decreased by 37.1% compared with November to HK$15.2 billion.  Among these, mortgage loans financing primary market transactions decreased by 44.7% to HK$3.1 billion and those financing secondary market transactions decreased by 38.4% to HK$9.5 billion.  Mortgage loans for refinancing decreased by 17.4% to HK$2.6 billion. 

The number of mortgage applications in December decreased by 29.9% month-on-month to 7,449.

New mortgage loans priced with reference to best lending rates decreased from 92.7% in November to 90.4% in December, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 5.2% in November to 7.7% in December.

The outstanding value of mortgage loans increased month-on-month by 1.3% to HK$868.3 billion at end-December. 

The mortgage delinquency ratio increased slightly from 0.01% in November to 0.02% in December. The rescheduled loan ratio remained unchanged at 0.01%.

Annex

 

Hong Kong Monetary Authority
28 January 2013

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Last revision date : 28 January 2013