The Hong Kong Monetary Authority announced the results of the residential mortgage survey for December 2023.
The number of mortgage applications in December decreased month-on-month by 20.5% to 4,768.
Mortgage loans approved in December decreased by 25.3% compared with November to HK$18.3 billion. Among these, mortgage loans financing primary market transactions decreased by 16.3% to HK$5.2 billion and those financing secondary market transactions decreased by 5.1% to HK$8.9 billion. Mortgage loans for refinancing decreased by 52.6% to HK$4.3 billion.
Mortgage loans drawn down during December decreased by 23.4% compared with November to HK$12.4 billion.
The ratio of new mortgage loans priced with reference to HIBOR remained unchanged month-on-month at 94.6% in December. The ratio of new mortgage loans priced with reference to best lending rates increased from 1.5% in November to 1.7% in December.
The outstanding value of mortgage loans decreased month-on-month by 0.1% to HK$1,855.1 billion at end-December.
The mortgage delinquency ratio remained unchanged at 0.08% and the rescheduled loan ratio remained unchanged at nearly 0%.
Source：Hong Kong Monetary Authority (2024.1.31)
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