Residential mortgage survey results for October 2022

Press Releases

30 Nov 2022

Residential mortgage survey results for October 2022

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for October 2022.

The number of mortgage applications in October decreased month-on-month by 16.6% to 7,280.  

Mortgage loans approved in October decreased by 4.7% compared with September to HK$32.5 billion.  Among these, mortgage loans financing primary market transactions increased by 14.6% to HK$7.8 billion and those financing secondary market transactions decreased by 3% to HK$15.5 billion.  Mortgage loans for refinancing decreased by 18.6% to HK$9.2 billion. 

Mortgage loans drawn down during October decreased by 18.7% compared with September to HK$21 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 96.4% in September to 84.1% in October. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.3% to 9.1% in October.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,798.9 billion at end-October. 

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

Annex

 

Hong Kong Monetary Authority
30 November 2022

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Last revision date : 30 November 2022