Residential Mortgage Survey Results for September 2018

Press Releases

31 Oct 2018

Residential Mortgage Survey Results for September 2018

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2018.

The number of mortgage applications in September decreased month-on-month by 55.6 % to 7,977. 

Mortgage loans approved in September decreased by 33.8% compared with August to HK$31.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 34% to HK$6.2 billion and those financing secondary market transactions decreased by 43.6% to HK$11.8 billion.  Mortgage loans for refinancing decreased by 21.9% to HK$13.6 billion.

Mortgage loans drawn down during September increased by 2% compared with August to HK$32.9 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 93.5% in August to 83.2% in September. The ratio of new mortgage loans priced with reference to best lending rates increased from 4.6% in August to 15.1% in September.

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,289.4 billion at end-September.

The mortgage delinquency ratio remained unchanged at 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
31 October 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.

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Last revision date : 19 October 2020