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Residential Mortgage Survey Results for September 2017
The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2017.

     The number of mortgage applications in September increased month-on-month by 4.3% to 11,376.  

     Mortgage loans approved in September decreased by 1.7% compared with August to HK$29.5 billion.  Among these, mortgage loans financing primary market transactions increased by 6.6% to HK$6.3 billion and those financing secondary market transactions increased by 4.6% to HK$13.9 billion.  Mortgage loans for refinancing decreased by 14% to HK$9.3 billion. 

     Mortgage loans drawn down during September decreased by 1% compared with August to HK$27.8 billion. 

     The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.4% in August to 93.4% in September. The ratio of new mortgage loans priced with reference to best lending rates increased from 2.1% in August to 2.2% in September.

     The outstanding value of mortgage loans increased month-on-month by 0.7% to HK$1,186.9 billion at end- September. 
The mortgage delinquency ratio decreased slightly to 0.02% and the rescheduled loan ratio remained unchanged at nearly 0%.
Ends/Tuesday, October 31, 2017
Issued at HKT 16:30
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