The Hong Kong Monetary Authority (“HKMA”) announced the results of the residential mortgage survey for November 2020.

The number of mortgage applications in November increased month-on-month by 4.3% to 11,375.

Mortgage loans approved in November increased by 7.4% compared with October to HK$37.2 billion. Among these, mortgage loans financing primary market transactions increased by 11.7% to HK$6.1 billion and those financing secondary market transactions increased by 7.5% to HK$26.5 billion. Mortgage loans for refinancing increased by 2% to HK$4.7 billion.

Mortgage loans drawn down during November increased by 14.7% compared with October to HK$25.5 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 94.4% in October to 94.6% in November. The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.9% in October to 2.5% in November.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,572.5 billion at end-November.

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

Annex

 

Hong Kong Monetary Authority
31 December 2020



Source link

Is your business effected by Cyber Crime?

If a cyber crime or cyber attack happens to you, you need to respond quickly. Cyber crime in its several formats such as online identity theft, financial fraud, stalking, bullying, hacking, e-mail fraud, email spoofing, invoice fraud, email scams, banking scam, CEO fraud. Cyber fraud can lead to major disruption and financial disasters. Contact Digitpol’s hotlines or respond to us online.

Digitpol is available 24/7.

Email: info@digitpol.com
ASIA +85239733884
Europe +31558448040
UK +44 20 8089 9944

Write a comment:
*

Your email address will not be published.