Residential Mortgage Survey Results for September 2014

Press Releases

27 Oct 2014

Residential Mortgage Survey Results for September 2014

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2014. 

The number of mortgage applications in September decreased month-on-month by 5.2% to 11,115. 

Mortgage loans approved in September decreased by 3% compared with August to HK$26.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 0.1% to HK$6.9 billion and those financing secondary market transactions decreased by 6.2% to HK$15.6 billion.  Mortgage loans for refinancing increased by 5.9% to HK$4.1 billion.  

Mortgage loans drawn down during September increased by 23.5% compared with August to HK$23.3 billion.  

New mortgage loans priced with reference to best lending rates decreased from 15.7% in August to 14.9% in September with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 81.9% in August to 82.6% in September.    

The outstanding value of mortgage loans increased month-on-month by 1% to HK$956.5 billion at end-September.  

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

Annex 

Hong Kong Monetary Authority
27 October 2014

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Last revision date : 27 October 2014