Residential Mortgage Survey Results for December 2016

Press Releases

26 Jan 2017

Residential Mortgage Survey Results for December 2016

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for December 2016.

The number of mortgage applications in December decreased month-on-month by 26% to 10,505.  

Mortgage loans approved in December decreased by 15.7% compared with November to HK$32.5 billion.  Among these, mortgage loans financing primary market transactions decreased by 10.5% to HK$8.2 billion and those financing secondary market transactions decreased by 22% to HK$15.1 billion.  Mortgage loans for refinancing decreased by 8.1% to HK$9.1 billion. 

Mortgage loans drawn down during December increased by 11.7% compared with November to HK$29.6 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.1% in November to 94.9% in December. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.9% in November to 2.5% in December.

The outstanding value of mortgage loans increased month-on-month by 0.9% to HK$1,118.7 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
26 January 2017

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Last revision date : 26 January 2017