The Hong Kong Monetary Authority published its residential mortgage survey results for April 2025, showing a month-on-month decline in mortgage applications but higher loan approvals and drawdowns. Mortgage applications fell 7.8% from March to 7,795. Mortgage loans approved rose 2.4% to HKD 25.3 billion, with primary market approvals down 7.5% to HKD 9.3 billion and secondary market approvals up 17.6% to HKD 13.7 billion, while refinancing approvals fell 23.5% to HKD 2.3 billion. Loans drawn down increased 7.7% to HKD 17.1 billion. New mortgages priced with reference to HIBOR increased to 91.8% (from 90.4%), while those referenced to best lending rates fell to 2.3% (from 3.2%). Outstanding mortgage lending edged up 0.2% to HKD 1,881.9 billion at end-April; the delinquency ratio was 0.13% and the rescheduled loan ratio was unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-05-30
Hong Kong Monetary Authority reports April 2025 residential mortgage applications fell 7.8% while approvals rose to HKD 25.3 billion
The Hong Kong Monetary Authority's April 2025 residential mortgage survey indicates a 7.8% decline in mortgage applications, while loan approvals rose 2.4% to HKD 25.3 billion. Loans drawn down increased by 7.7% to HKD 17.1 billion, with outstanding mortgage lending slightly up by 0.2% to HKD 1,881.9 billion. The delinquency ratio remained low at 0.13%, and the rescheduled loan ratio was nearly 0%.