The Hong Kong Monetary Authority published the residential mortgage survey results for September 2025, showing a modest fall in mortgage applications but higher approvals and drawdowns, alongside a slightly lower share of new loans priced off the Hong Kong interbank offered rate (HIBOR). Mortgage applications decreased 1.1% from August to 8,316. Mortgage loans approved increased 9.4% to HKD 31.4 billion, driven by primary market transaction financing up 17.5% to HKD 12.6 billion and secondary market transaction financing up 6.1% to HKD 15.5 billion, while refinancing approvals fell 2.4% to HKD 3.2 billion. Loans drawn down rose 9.7% to HKD 20.9 billion. The share of new mortgage loans priced with reference to HIBOR declined from 94.4% to 92.6%, while those priced with reference to best lending rates increased from 1.3% to 1.5%. Outstanding mortgage loans rose 0.2% to HKD 1,891.4 billion at end-September, with the mortgage delinquency ratio at 0.13% and the rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-10-31
Hong Kong Monetary Authority releases September residential mortgage survey showing approvals up 9.4% to HKD 31.4 billion
The Hong Kong Monetary Authority's September 2025 residential mortgage survey indicates a 1.1% decrease in applications to 8,316, but a 9.4% increase in approvals to HKD 31.4 billion. Loans drawn down rose 9.7% to HKD 20.9 billion, with a decline in HIBOR-referenced loans from 94.4% to 92.6%. Outstanding mortgage loans increased 0.2% to HKD 1,891.4 billion, with a delinquency ratio of 0.13%.