The Hong Kong Monetary Authority published the results of its residential mortgage survey for August 2025, showing month-on-month declines in mortgage applications and approvals alongside an increase in loans drawn down. Mortgage applications fell 6.7% from July to 8,405, while approvals declined 6.3% to HKD 28.7 billion. Approvals for primary market transactions slipped 0.7% to HKD 10.7 billion and secondary market approvals dropped 11.9% to HKD 14.6 billion, while refinancing approvals rose 4.1% to HKD 3.3 billion. Loans drawn down increased 4.5% to HKD 19.0 billion. New mortgage loans priced with reference to HIBOR decreased to 94.4% (from 95.7%), while those referencing best lending rates edged up to 1.3% (from 1.2%). Outstanding mortgage lending rose 0.1% to HKD 1,888.3 billion at end-August, with the mortgage delinquency ratio at 0.13% and the rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-09-30
Hong Kong Monetary Authority reports August 2025 mortgage survey showing lower applications and approvals but higher drawdowns
The Hong Kong Monetary Authority's August 2025 residential mortgage survey reported declines in mortgage applications and approvals, with applications down 6.7% to 8,405 and approvals down 6.3% to HKD 28.7 billion. Primary market approvals fell 0.7% to HKD 10.7 billion, while secondary market approvals dropped 11.9% to HKD 14.6 billion; however, refinancing approvals rose 4.1% to HKD 3.3 billion. Loans drawn down increased 4.5% to HKD 19.0 billion, while outstanding mortgage lending slightly rose 0.1% to HKD 1,888.3 billion.