Residential Mortgage Survey Results for November 2024

Press Releases

31 Dec 2024

Residential Mortgage Survey Results for November 2024

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for November 2024.

The number of mortgage applications in November increased month-on-month by 9.7% to 7,995.  

Mortgage loans approved in November increased by 27.7% compared with October to HK$24.2 billion.  Among these, mortgage loans financing primary market transactions increased by 46.2% to HK$7.9 billion and those financing secondary market transactions increased by 20.3% to HK$13.7 billion.  Mortgage loans for refinancing increased by 20.1% to HK$2.6 billion. 

Mortgage loans drawn down during November decreased by 5.2% compared with October to HK$10.6 billion. 

The ratio of new mortgage loans priced with reference to HIBOR increased from 89.2% in October to 92.2% in November.  The ratio of new mortgage loans priced with reference to best lending rates decreased from 3.6% in October to 2.6% in November.

The outstanding value of mortgage loans decreased month-on-month by 0.1% to HK$1,871 billion at end-November. 

The mortgage delinquency ratio stood at a low level of 0.11% and the rescheduled loan ratio was unchanged at nearly 0%.

Annex

 

Hong Kong Monetary Authority
31 December 2024

Latest Press Releases
Last revision date : 31 December 2024