The Hong Kong Monetary Authority published its residential mortgage survey results for November 2025, showing month-on-month declines in mortgage applications, approvals and drawdowns, while the outstanding value of mortgage loans rose slightly. Mortgage applications fell 2.9% to 8,019 and approved mortgage loans decreased 7% to HKD 29.1 billion. Within approvals, primary market financing dropped 12.6% to HKD 10.8 billion, secondary market financing fell 2.3% to HKD 15.6 billion, and refinancing declined 9.6% to HKD 2.7 billion. Loans drawn down decreased 2.3% to HKD 19.7 billion. HIBOR-referenced pricing accounted for 90.7% of new mortgage loans (from 91.9% in October), while best lending rate-referenced pricing fell to 1.1% (from 1.3%). Outstanding mortgage loans increased 0.3% to HKD 1,913.5 billion at end-November, with the delinquency ratio at 0.14% and the rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-12-31
Hong Kong Monetary Authority reports November fall in mortgage approvals and drawdowns with outstanding balances edging up
The Hong Kong Monetary Authority's November 2025 residential mortgage survey reported declines in mortgage applications, approvals, and drawdowns, despite a slight increase in outstanding mortgage loans to HKD 1,913.5 billion. Applications fell 2.9% to 8,019, and approved loans decreased 7% to HKD 29.1 billion, with primary market financing dropping 12.6% and refinancing down 9.6%. The delinquency ratio remained at 0.14%, and the rescheduled loan ratio was nearly 0%.