Residential Mortgage Survey Results for December 2018

Press Releases

31 Jan 2019

Residential Mortgage Survey Results for December 2018

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

The number of mortgage applications in December decreased month-on-month by 21.2 % to 7,435. 

Mortgage loans approved in December decreased by 20.7% compared with November to HK$23.5 billion.  Among these, mortgage loans financing primary market transactions decreased by 25.2% to HK$6.5 billion and those financing secondary market transactions decreased by 12.5% to HK$7.7 billion.  Mortgage loans for refinancing decreased by 23.3% to HK$9.3 billion.

Mortgage loans drawn down during December decreased by 17.6% compared with November to HK$21.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 40.4% in November to 46.6% in December. The ratio of new mortgage loans priced with reference to best lending rates decreased from 57.7% in November to 51.6% in December.

The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,311.3 billion at end-December.

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 January 2019

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Last revision date : 31 January 2019