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Residential mortgage survey results for September 2022
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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 2022.
      
     The number of mortgage applications in September decreased month-on-month by 20 per cent to 8 727.  
      
     Mortgage loans approved in September decreased by 11.6 per cent compared with August to HK$34.1 billion. Among these, mortgage loans financing primary market transactions decreased by 1.7 per cent to HK$6.8 billion and those financing secondary market transactions decreased by 16.8 per cent to HK$16 billion. Mortgage loans for refinancing decreased by 8.9 per cent to HK$11.3 billion. 
      
     Mortgage loans drawn down during September decreased by 14.8 per cent compared with August to HK$25.9 billion. 
      
     The ratio of new mortgage loans priced with reference to HIBOR decreased from 96.6 per cent in August to 96.4 per cent in September. The ratio of new mortgage loans priced with reference to best lending rates remained unchanged at 1.3 per cent in September.
      
     The outstanding value of mortgage loans increased month-on-month by 0.3 per cent to HK$1,796.5 billion at end-September. 
      
     The mortgage delinquency ratio decreased slightly to 0.04 per cent and the rescheduled loan ratio remained unchanged at nearly 0 per cent.
 
Ends/Monday, October 31, 2022
Issued at HKT 18:00
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