Residential Mortgage Survey Results for December 2017

Press Releases

31 Jan 2018

Residential Mortgage Survey Results for December 2017

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for December 2017.

The number of mortgage applications in December decreased month-on-month by 14.2% to 10,520. 

Mortgage loans approved in December decreased by 22.3% compared with November to HK$27.8 billion.  Among these, mortgage loans financing primary market transactions decreased by 33.6% to HK$4.7 billion and those financing secondary market transactions decreased by 16.3% to HK$15.6 billion.  Mortgage loans for refinancing decreased by 25.6% to HK$7.5 billion.

Mortgage loans drawn down during December decreased by 12.1% compared with November to HK$23.2 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 92.4% in November to 89.8% in December. The ratio of new mortgage loans priced at fixed rates increased from 3.5% in November to 5.5% in December.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,205.8 billion at end-December.

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

Annex

 

Hong Kong Monetary Authority
31 January 2018

 

 

Note:

(Updates in October 2020) Due to classification issues of the data submitted by a reporting institution for the residential mortgage survey earlier, relevant results need to be revised. Details can be found on monthly statistical bulletin.

Latest Press Releases
Last revision date : 19 October 2020