The Hong Kong Monetary Authority published its residential mortgage survey results for February 2025, reporting a 0.4% month-on-month increase in mortgage applications to 6,542 and a 4.3% rise in mortgage loans approved to HKD 26.1 billion. Approvals for primary market transactions increased by 21.6% to HKD 12.1 billion, while approvals for secondary market transactions fell by 9.9% to HKD 11.0 billion; refinancing approvals rose by 4.4% to HKD 3.0 billion. Mortgage loans drawn down increased by 12.8% to HKD 17.6 billion. The share of new mortgage loans priced with reference to HIBOR rose from 93% to 94%, while the share priced with reference to best lending rates declined from 3.4% to 2.4%. Outstanding mortgage loans increased by 0.2% to HKD 1,876.7 billion at end-February, with the mortgage delinquency ratio at 0.12% and the rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-03-31
Hong Kong Monetary Authority releases February 2025 mortgage survey showing approvals rising 4.3% to HKD 26.1 billion
The Hong Kong Monetary Authority's February 2025 residential mortgage survey shows a 0.4% increase in applications to 6,542 and a 4.3% rise in approved loans to HKD 26.1 billion. Primary market approvals surged 21.6% to HKD 12.1 billion, while secondary market approvals dropped 9.9% to HKD 11.0 billion. The share of new loans linked to HIBOR rose to 94%, with outstanding mortgage loans up 0.2% to HKD 1,876.7 billion and a delinquency ratio of 0.12%.