Residential Mortgage Survey Results for November 2024
The Hong Kong Monetary Authority announced the results of the
residential mortgage survey for November 2024.
The number of
mortgage applications in November increased month-on-month by 9. 7% to
7,995.
Mortgage loans approved in November increased by 27.
7% compared with October to HK$24. 2 billion. Among these, mortgage
loans financing primary market transactions increased by 46. 2% to
HK$7. 9 billion and those financing secondary market transactions
increased by 20. 3% to HK$13. 7 billion. Mortgage loans for
refinancing increased by 20. 1% to HK$2. 6 billion.
Mortgage
loans drawn down during November decreased by 5. 2% compared with
October to HK$10. 6 billion.
The ratio of new mortgage loans
priced with reference to HIBOR increased from 89. 2% in October to 92.
2% in November. The ratio of new mortgage loans priced with reference
to best lending rates decreased from 3. 6% in October to 2. 6% in
November.
The outstanding value of mortgage loans decreased
month-on-month by 0. 1% to HK$1,871 billion at end-November.
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 31 December 2024