Residential Mortgage Survey Results for November 2021

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

The number of mortgage applications in November increased month-on-month by 13.1% to 12,828.

Mortgage loans approved in November increased by 4.8% compared with October to HK$51.4 billion. Among these, mortgage loans financing primary market transactions increased by 13.1% to HK$14 billion and those financing secondary market transactions decreased by 3.1% to HK$26.1 billion. Mortgage loans for refinancing increased by 16.3% to HK$11.2 billion.

Mortgage loans drawn down during November increased by 4.7% compared with October to HK$33.4 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 97.6% in October to 97.5% in November. The ratio of new mortgage loans priced with reference to best lending rates increased from 0.7% in October to 0.9% in November.

The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,719.9 billion at end-November.

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

Annex

Hong Kong Monetary Authority
31 December 2021