Residential Mortgage Survey Results for December 2013

Press Releases

29 Jan 2014

Residential Mortgage Survey Results for December 2013

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

Mortgage loans drawn down during December increased by 7.9% compared with November to HK$12.0 billion.

Mortgage loans approved in December decreased by 5.7% compared with November to HK$13.8 billion.  Among these, mortgage loans financing primary market transactions increased by 13.4% to HK$3.9 billion and those financing secondary market transactions decreased by 9.2% to HK$7.3 billion.  Mortgage loans for refinancing decreased by 17.8% to HK$2.5 billion.

The number of mortgage applications in December increased by 0.4% month-on-month to 7,594.

New mortgage loans priced with reference to best lending rates increased from 67.1% in November to 67.7% in December, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR remained unchanged at 30.5% in December.  

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$904.6 billion at end-December.

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 January 2014

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Last revision date : 29 January 2014