Residential Mortgage Survey Results for November 2019

Press Releases

31 Dec 2019

Residential Mortgage Survey Results for November 2019

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for November 2019.

The number of mortgage applications in November increased month-on-month by 1.2% to 9,412.

Mortgage loans approved in November decreased by 13.5% compared with October to HK$28.2 billion. Among these, mortgage loans financing primary market transactions decreased by 29.2% to HK$6.5 billion and those financing secondary market transactions increased by 17.2% to HK$15 billion. Mortgage loans for refinancing decreased by 37% to HK$6.7 billion.

Mortgage loans drawn down during November decreased by 16.1% compared with October to HK$22.1 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 84.6% in October to 79.7% in November. The ratio of new mortgage loans priced with reference to best lending rates increased from 12.4% in October to 17.7% in November.

The outstanding value of mortgage loans increased month-on-month by 0.5% to HK$1,429.2 billion at end-November.

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 December 2019

 

 

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