Residential Mortgage Survey Results for November 2018

Press Releases

31 Dec 2018

Residential Mortgage Survey Results for November 2018

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

The number of mortgage applications in November decreased month-on-month by 12.3 % to 9,431.

Mortgage loans approved in November decreased by 1.5% compared with October to HK$29.7 billion. Among these, mortgage loans financing primary market transactions increased by 8.9% to HK$8.7 billion and those financing secondary market transactions decreased by 13.6% to HK$8.8 billion. Mortgage loans for refinancing increased by 1.9% to HK$12.1 billion.

Mortgage loans drawn down during November decreased by 16.9% compared with October to HK$25.9 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 50.8% in October to 40.4% in November. The ratio of new mortgage loans priced with reference to best lending rates increased from 47.3% in October to 57.7% in November.

The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$1,305.4 billion at end-November.

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 December 2018

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Last revision date : 31 December 2018