Category Fraud Alerts HK

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

The number of mortgage applications in October decreased month-on-month by 14.9% to 11,340.

Mortgage loans approved in October decreased by 7.4% compared with September to HK$49 billion. Among these, mortgage loans financing primary market transactions increased by 37% to HK$12.4 billion and those financing secondary market transactions decreased by 17.7% to HK$26.9 billion. Mortgage loans for refinancing decreased by 13.1% to HK$9.7 billion.

Mortgage loans drawn down during October decreased by 20.8% compared with September to HK$31.9 billion.

The ratio of new mortgage loans priced with reference to HIBOR increased from 96.2% in September to 97.6% in October. The ratio of new mortgage loans priced with reference to best lending rates decreased from 0.9% in September to 0.7% in October.

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,707.6 billion at end-October.

The mortgage delinquency ratio remained unchanged at 0.03% and the rescheduled loan ratio remained unchanged at nearly 0%.



Hong Kong Monetary Authority
30 November 2021


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