Residential Mortgage Survey Results for November 2014

Press Releases

31 Dec 2014

Residential Mortgage Survey Results for November 2014

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

The number of mortgage applications in November decreased month-on-month by 13.5% to 10,118. 

Mortgage loans approved in November decreased by 16.1% compared with October to HK$23.8 billion.  Among these, mortgage loans financing primary market transactions decreased by 26.7% to HK$5.8 billion and those financing secondary market transactions decreased by 12.5% to HK$13.9 billion.  Mortgage loans for refinancing decreased by 10% to HK$4.1 billion.  

Mortgage loans drawn down during November decreased by 9.6% compared with October to HK$20.9 billion.  

New mortgage loans priced with reference to best lending rates increased from 13.4% in October to 13.9% in November with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR decreased from 84.7% in October to 83.9% in November.   

The outstanding value of mortgage loans increased month-on-month by 1% to HK$976 billion at end-November.  

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

Annex

Hong Kong Monetary Authority
31 December 2014

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Last revision date : 31 December 2014