Hong Kong Special Administrative Region

Hong Kong Residential Outstanding Mortgage Hits HKD 1.205 Trillion in December 2017

Hong Kong | 31st January 2018

The outstanding value of mortgage loans increased month-on-month by 0.6% to HK$1,205.8 billion ($1.205 trillion) at end-December.  The number of mortgage applications in December decreased month-on-month by 14.2% to 10,520. 

Mortgage loans drawn down during December decreased by 12.1% compared with November to HK$23.2 billion.


Mortgage loans approved in December decreased by 22.3% compared with November to HK$27.8 billion.  Among these, mortgage loans financing primary market transactions decreased by 33.6% to HK$4.7 billion and those financing secondary market transactions decreased by 16.3% to HK$15.6 billion.  Mortgage loans for refinancing decreased by 25.6% to HK$7.5 billion.

Official Press Release by Hong Hong Monetary Authority

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