Residential Mortgage Survey Results for October 2015

Press Releases

30 Nov 2015

Residential Mortgage Survey Results for October 2015

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

The number of mortgage applications in October decreased month-on-month by 17.1% to 6,533.

Mortgage loans approved in October decreased by 19.3% compared with September to HK$17 billion.  Among these, mortgage loans financing primary market transactions decreased by 25.7% to HK$4.2 billion and those financing secondary market transactions decreased by 22.3% to HK$8.3 billion.  Mortgage loans for refinancing decreased by 4.6% to HK$4.4 billion.

Mortgage loans drawn down during October decreased by 7.3% compared with September to HK$18.8 billion.

The ratio of new mortgage loans priced with reference to best lending rates increased from 11.8% in September to 14.8% in October, 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% in September to 79.2% in October.  

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,068.3 billion at end-October.

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 November 2015

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Last revision date : 30 November 2015