Residential Mortgage Survey Results for December 2020

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for December 2020.

The number of mortgage applications in December increased month-on-month by 0.2% to 11,396.  

Mortgage loans approved in December increased by 3.4% compared with November to HK$38.4 billion.  Among these, mortgage loans financing primary market transactions increased by 5.4% to HK$6.4 billion and those financing secondary market transactions increased by 0.7% to HK$26.6 billion.  Mortgage loans for refinancing increased by 15.8% to HK$5.4 billion. 

Mortgage loans drawn down during December increased by 3.7% compared with November to HK$26.5 billion. 

The ratio of new mortgage loans priced with reference to HIBOR increased from 94.6% in November to 95.2% in December.  The ratio of new mortgage loans priced with reference to best lending rates increased from 2.5% in November to 2.6% in December.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,582.1 billion at end-December. 

The mortgage delinquency ratio remained unchanged at 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
29 January 2021