Residential Mortgage Survey Results for November 2013

Press Releases

27 Dec 2013

Residential Mortgage Survey Results for November 2013

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

Mortgage loans drawn down during November decreased by 0.4% compared with October to HK$11.2 billion.

Mortgage loans approved in November decreased by 2.1% compared with October to HK$14.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 2.3% to HK$3.5 billion and those financing secondary market transactions decreased by 6.2% to HK$8.0 billion.  Mortgage loans for refinancing increased by 10.8% to HK$3.1 billion.

The number of mortgage applications in November decreased by 11.9% month-on-month to 7,567.

New mortgage loans priced with reference to best lending rates decreased from 71.7% in October to 67.1% in November, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 26.3% in October to 30.5% in November. 

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$903.6 billion at end-November.

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

Annex

Hong Kong Monetary Authority
27 December 2013

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Last revision date : 27 December 2013