Residential Mortgage Survey Results for September 2013

Press Releases

29 Oct 2013

Residential Mortgage Survey Results for September 2013

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2013.

Mortgage loans drawn down during September increased by 1.3% compared with August to HK$11.6 billion. 

Mortgage loans approved in September decreased by 6.7% compared with August to HK$13.5 billion.  Among these, mortgage loans financing primary market transactions increased by 67.5% to HK$2.8 billion and those financing secondary market transactions decreased by 17.4% to HK$8.1 billion.  Mortgage loans for refinancing also decreased by 12.3% to HK$2.6 billion. 

The number of mortgage applications in September decreased by 6.4% month-on-month to 7,526.

New mortgage loans priced with reference to best lending rates increased from 69.9% in August to 72.7% in September, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 27.9% in August to 25.6% in September.  

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$900.3 billion at end-September. 

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

Annex

Hong Kong Monetary Authority
29 October 2013

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Last revision date : 29 October 2013