Residential Mortgage Survey Results for December 2024
The Hong Kong Monetary Authority announced the results of the
residential mortgage survey for December 2024.
The number of
mortgage applications in December decreased month-on-month by 21. 1%
to 6,306.
Mortgage loans approved in December increased by 5.
4% compared with November to HK$25. 5 billion. Among these, mortgage
loans financing primary market transactions increased by 8. 7% to
HK$8. 6 billion and those financing secondary market transactions
increased by 0. 5% to HK$13. 8 billion. Mortgage loans for refinancing
increased by 21. 1% to HK$3. 1 billion.
Mortgage loans drawn
down during December increased by 24. 5% compared with November to
HK$13. 3 billion.
The ratio of new mortgage loans priced with
reference to HIBOR decreased from 92. 2% in November to 91. 3% in
December. The ratio of new mortgage loans priced with reference to
best lending rates increased from 2. 6% in November to 4. 1% in
December.
The outstanding value of mortgage loans remained
virtually unchanged in December, standing at HK$1,870. 6 billion at
end-December.
The mortgage delinquency ratio stood at a low
level of 0. 11% and the rescheduled loan ratio was unchanged at nearly
0%.
Annex Hong Kong Monetary Authority 28 January 2025