Residential Mortgage Survey Results for September 2015

Press Releases

30 Oct 2015

Residential Mortgage Survey Results for September 2015

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2015.

The number of mortgage applications in September decreased month-on-month by 18.2% to 7,881.

Mortgage loans approved in September decreased by 12.3% compared with August to HK$21.1 billion.  Among these, mortgage loans financing primary market transactions decreased by 3.9% to HK$5.7 billion and those financing secondary market transactions decreased by 21.1% to HK$10.8 billion.  Mortgage loans for refinancing increased by 3.5% to HK$4.6 billion. 

Mortgage loans drawn down during September decreased by 13.4% compared with August to HK$20.3 billion. 

The ratio of new mortgage loans priced with reference to best lending rates in September was 11.8%, the same as August, with the majority priced within the range of 2% and 2.25%. The ratio of new mortgage loans priced with reference to HIBOR decreased from 82.7% in August to 82% in September.   

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,062.2 billion at end-September. 

The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
30 October 2015

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Last revision date : 30 October 2015