The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2023.
2023年9月住宅按揭統計調查結果

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2023.

The number of mortgage applications in September increased month-on-month by 2% to 8,787.  

Mortgage loans approved in September decreased by 28.4% compared with August to HK$25.5 billion.  Among these, mortgage loans financing primary market transactions decreased by 32.1% to HK$3.2 billion and those financing secondary market transactions decreased by 35.4% to HK$9.3 billion.  Mortgage loans for refinancing decreased by 21.2% to HK$13 billion. 

Mortgage loans drawn down during September decreased by 3.9% compared with August to HK$20.1 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 95.4% in August to 94.1% in September. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.5% in August to 1.7% in September.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,856.8 billion at end-September. 

The mortgage delinquency ratio remained unchanged at 0.07% and the rescheduled loan ratio remained unchanged at nearly 0%.

Source:The Hong Kong Monetary Authority (2023.10.31)

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