The Hong Kong Monetary Authority has published the results of its residential mortgage survey for March 2026, showing a month-on-month rise in market activity. Mortgage applications increased 26.9% to 10,311, mortgage loans approved rose 38.6% to HK$40.1 billion, and mortgage loans drawn down increased 63.9% to HK$26.9 billion. Within approved loans, financing for primary market transactions rose 55.9% to HK$13.4 billion, financing for secondary market transactions increased 36.1% to HK$23.4 billion, and refinancing loans rose 5% to HK$3.3 billion. The share of new mortgage loans priced with reference to HIBOR fell to 83.7% from 87.5% in February, while those priced with reference to best lending rates declined to 1.5% from 1.9%. The outstanding value of mortgage loans increased 0.4% month on month to HK$1,934.9 billion at end-March, while the mortgage delinquency ratio stood at 0.13% and the rescheduled loan ratio was unchanged at nearly 0%.
Hong Kong Monetary Authority 2026-04-30
Hong Kong Monetary Authority reports March increase in residential mortgage applications and approvals to HK$40.1 billion
The Hong Kong Monetary Authority’s March 2026 residential mortgage survey reported a sharp month-on-month rise in activity, with applications up 26.9% to 10,311, approvals up 38.6% to HKD 40.1 billion, and drawdowns up 63.9% to HKD 26.9 billion. Primary and secondary market financing reached HKD 13.4 billion and HKD 23.4 billion, while the share of new mortgage loans priced with reference to HIBOR fell to 83.7%. Outstanding mortgage loans grew 0.4% to HKD 1,934.9 billion, with a delinquency ratio of 0.13% and rescheduled loans near 0%.