Feb 2023 2
Residential Mortgage Survey Results for December 2022

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% to 7,510.  

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

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

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

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

The mortgage delinquency ratio increased slightly to 0.06% and the rescheduled loan ratio remained unchanged at nearly 0%.

Source:The Hong Kong Monetary Authority (2022.01.31)

Service Hotline: 2836 6121 / 2836 6183
Signal / WHATSAPP: 5662 2730

Email: mortgage@ricacorp.com

download app store icon 4
download our app icon 23 e1662005373862

RicaMortgage Pro APP provides one stop mortgage support, tools and services to help you find out which mortgage loans that best suits your financial situation.

You may also interested articles