Traditional Chinese Simplified Chinese Email this article news.gov.hk
Residential Mortgage Survey Results for November 2012
*****************************************************

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for November 2012.

     Mortgage loans drawn down during November increased by 11.2% compared with October to HK$21.2 billion.  

     Mortgage loans approved in November decreased by 2.3% compared with October to HK$24.1 billion.  Among these, mortgage loans financing primary market transactions increased by 42.4% to HK$5.6 billion and those financing secondary market transactions decreased by 13.6% to HK$15.4 billion.  Mortgage loans for refinancing increased by 6.2% to HK$3.2 billion.  

     The number of mortgage applications in November decreased by 18.9% month-on-month to 10,627.

     New mortgage loans priced with reference to best lending rates decreased from 93.1% in October to 92.7% in November, with majority priced within the range of 2% and 2.25%. New mortgage loans priced with reference to HIBOR increased from 4.5% in October to 5.2% in November.

     The outstanding value of mortgage loans increased month-on-month by 1.0% to HK$856.9 billion at end-November.  

     In November, the mortgage delinquency ratio remained unchanged at 0.01% and the rescheduled loan ratio remained unchanged at 0.01%.

Ends/Thursday, December 27, 2012
Issued at HKT 16:31

NNNN

Print this page