Residential Mortgage Survey Results for December 2024

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

The number of mortgage applications in December decreased month-on-month by 21.1% to 6,306.  

Mortgage loans approved in December increased by 5.4% compared with November to HK$25.5 billion.  Among these, mortgage loans financing primary market transactions increased by 8.7% to HK$8.6 billion and those financing secondary market transactions increased by 0.5% to HK$13.8 billion.  Mortgage loans for refinancing increased by 21.1% to HK$3.1 billion. 

Mortgage loans drawn down during December increased by 24.5% compared with November to HK$13.3 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 92.2% in November to 91.3% in December.  The ratio of new mortgage loans priced with reference to best lending rates increased from 2.6% in November to 4.1% in December.

The outstanding value of mortgage loans remained virtually unchanged in December, standing at HK$1,870.6 billion at end-December. 

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
28 January 2025