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Residential mortgage survey results for December 2022
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 December 2022.

     The number of mortgage applications in December decreased month-on-month by 3.6 per cent to 7 510. 

     Mortgage loans approved in December decreased by 9.4 per cent compared with November to HK$25.6 billion. Among these, mortgage loans financing primary market transactions decreased by 14.3 per cent to HK$7 billion and those financing secondary market transactions increased by 0.4 per cent to HK$12.5 billion. Mortgage loans for refinancing decreased by 20.2 per cent to HK$6 billion. 

     Mortgage loans drawn down during December increased by 2.8 per cent compared with November to HK$21.9 billion. 

     The ratio of new mortgage loans priced with reference to HIBOR decreased from 70.2 per cent in November to 67.5 per cent in December. The ratio of new mortgage loans priced with reference to best lending rates increased from 16.6 per cent in November to 26 per cent in December.

     The outstanding value of mortgage loans increased month-on-month by 0.4 per cent to HK$1,809.9 billion at end-December. 

     The mortgage delinquency ratio increased slightly to 0.06 per cent and the rescheduled loan ratio remained unchanged at nearly 0 per cent.
Ends/Tuesday, January 31, 2023
Issued at HKT 16:30
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