Residential Mortgage Survey Results for September 2021

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2021.

The number of mortgage applications in September decreased month-on-month by 4.3% to 13,327.

Mortgage loans approved in September decreased by 2.6% compared with August to HK$52.9 billion. Among these, mortgage loans financing primary market transactions increased by 21.4% to HK$9.1 billion and those financing secondary market transactions decreased by 9.8% to HK$32.7 billion. Mortgage loans for refinancing increased by 5.1% to HK$11.1 billion.

Mortgage loans drawn down during September increased by 1.7% compared with August to HK$40.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 97.5% in August to 96.2% in September. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.1% in August to 0.9% in September.

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,697 billion at end-September.

The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
29 October 2021