Residential Mortgage Survey Results for October 2013

Press Releases

29 Nov 2013

Residential Mortgage Survey Results for October 2013

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

Mortgage loans drawn down during October decreased by 3.6% compared with September to HK$11.2 billion.

Mortgage loans approved in October increased by 10.3% compared with September to HK$14.9 billion.  Among these, mortgage loans financing primary market transactions increased by 29.2% to HK$3.6 billion and those financing secondary market transactions increased by 5.3% to HK$8.6 billion.  Mortgage loans for refinancing also increased by 6.3% to HK$2.8 billion.

The number of mortgage applications in October increased by 14.1% month-on-month to 8,587.

New mortgage loans priced with reference to best lending rates decreased from 72.7% in September to 71.7% in October, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 25.6% in September to 26.3% in October. 

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$901.9 billion at end-October.

The mortgage delinquency ratio decreased slightly from 0.02% in September to 0.01% in October. The rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
29 November 2013

Latest Press Releases
Last revision date : 29 November 2013