Residential Mortgage Survey Results for December 2021

The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for December 2021.

The number of mortgage applications in December decreased month-on-month by 15.7% to 10,810.

Mortgage loans approved in December decreased by 13.7% compared with November to HK$44.3 billion. Among these, mortgage loans financing primary market transactions decreased by 37% to HK$8.8 billion and those financing secondary market transactions decreased by 5.2% to HK$24.7 billion. Mortgage loans for refinancing decreased by 4.3% to HK$10.8 billion.

Mortgage loans drawn down during December increased by 8.8% compared with November to HK$36.3 billion.

The ratio of new mortgage loans priced with reference to HIBOR decreased from 97.5% in November to 97.2% in December. The ratio of new mortgage loans priced with reference to best lending rates increased from 0.9% in November to 1.2% in December.

The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,736.4 billion at end-December.

The mortgage delinquency ratio increased slightly to 0.04% and the rescheduled loan ratio remained unchanged at nearly 0%.

Source:Hong Kong Monetary Authority (2022.01.31)


Contact us by phone or whatsapp anytime.
Service Hotline: 2836 6121 / 2836 6183
Signal / WHATSAPP: 5662 2730

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

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.


IOS user: http://apple.co/1Nbxhzo
Android user: http://bit.ly/1IJhbJb

You may also interested articles