Residential Mortgage Survey Results for October 2018

Press Releases

30 Nov 2018

Residential Mortgage Survey Results for October 2018

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

The number of mortgage applications in October increased month-on-month by 34.8 % to 10,754.

Mortgage loans approved in October decreased by 4.6% compared with September to HK$30.1 billion. Among these, mortgage loans financing primary market transactions increased by 28.1% to HK$8 billion and those financing secondary market transactions decreased by 13.4% to HK$10.2 billion. Mortgage loans for refinancing decreased by 12.1% to HK$11.9 billion.

Mortgage loans drawn down during October decreased by 5.3% compared with September to HK$31.2 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 83.2% in September to 50.8% in October. The ratio of new mortgage loans priced with reference to best lending rates increased from 15.1% in September to 47.3% in October.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,298.5 billion at end-October.

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

Annex

 

Hong Kong Monetary Authority
30 November 2018

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Last revision date : 30 November 2018