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Residential mortgage survey results for November 2019
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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 2019.
 
     The number of mortgage applications in November increased month-on-month by 1.2 per cent to 9 412.  
 
     Mortgage loans approved in November decreased by 13.5 per cent compared with October to HK$28.2 billion. Among these, mortgage loans financing primary market transactions decreased by 29.2 per cent to HK$6.5 billion and those financing secondary market transactions increased by 17.2 per cent to HK$15 billion. Mortgage loans for refinancing decreased by 37 per cent to HK$6.7 billion. 
 
     Mortgage loans drawn down during November decreased by 16.1 per cent compared with October to HK$22.1 billion. 
 
     The ratio of new mortgage loans priced with reference to HIBOR decreased from 84.6 per cent in October to 79.7 per cent in November. The ratio of new mortgage loans priced with reference to best lending rates increased from 12.4 per cent in October to 17.7 per cent in November.
 
     The outstanding value of mortgage loans increased month-on-month by 0.5 per cent to HK$1,429.2 billion at end-November. 
 
     The mortgage delinquency ratio increased slightly to 0.03 per cent and the rescheduled loan ratio remained unchanged at nearly 0 per cent.
 
Ends/Tuesday, December 31, 2019
Issued at HKT 16:30
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