The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for September 2021.
The number of mortgage applications in September decreased month-on-month by 4.3% to 13,327.
Mortgage loans approved in September decreased by 2.6% compared with August to HK$52.9 billion. Among these, mortgage loans financing primary market transactions increased by 21.4% to HK$9.1 billion and those financing secondary market transactions decreased by 9.8% to HK$32.7 billion. Mortgage loans for refinancing increased by 5.1% to HK$11.1 billion.
Mortgage loans drawn down during September increased by 1.7% compared with August to HK$40.3 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 97.5% in August to 96.2% in September. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.1% in August to 0.9% in September.
The outstanding value of mortgage loans increased month-on-month by 1% to HK$1,697 billion at end-September.
The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：Hong Kong Monetary Authority (2021.10.31)