Residential Mortgage Survey Results for October 2014

Press Releases

28 Nov 2014

Residential Mortgage Survey Results for October 2014


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

The number of mortgage applications in October increased month-on-month by 5.2% to 11,698.

Mortgage loans approved in October increased by 6.8% compared with September to HK$28.4 billion.  Among these, mortgage loans financing primary market transactions increased by 15.3% to HK$7.9 billion and those financing secondary market transactions increased by 2.3% to HK$15.9 billion.  Mortgage loans for refinancing increased by 9.8% to HK$4.5 billion.

Mortgage loans drawn down during October decreased by 1% compared with September to HK$23.1 billion.

New mortgage loans priced with reference to best lending rates decreased from 14.9% in September to 13.4% in October with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 82.6% in September to 84.7% in October.  

The outstanding value of mortgage loans increased month-on-month by 1.1% to HK$966.8 billion at end-October.

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

Annex


Hong Kong Monetary Authority
28 November 2014

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Last revision date : 28 November 2014