Residential Mortgage Survey Results for December 2015

Press Releases

29 Jan 2016

Residential Mortgage Survey Results for December 2015

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

The number of mortgage applications in December increased month-on-month by 0.3% to 6,593.

Mortgage loans approved in December increased by 3.1% compared with November to HK$15.9 billion.  Among these, mortgage loans financing primary market transactions increased by 24.1% to HK$4.9 billion and those financing secondary market transactions increased by 0.3% to HK$6.8 billion.  Mortgage loans for refinancing decreased by 10.8% to HK$4.1 billion. 

Mortgage loans drawn down during December decreased by 17.6% compared with November to HK$12.9 billion. 

The ratio of new mortgage loans priced with reference to best lending rates decreased from 13.4% in November to 11.1% in December, 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 80.3% in November to 79.7% in December.   The ratio of mortgage loans priced at fixed rates increased from 4.9% in November to 7.9% in December.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,073.6 billion at end-December. 

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

Annex

 

Hong Kong Monetary Authority
29 January 2016

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Last revision date : 29 January 2016