The Hong Kong Monetary Authority released the results of its residential mortgage survey for June 2025, reporting month-on-month increases in mortgage applications, approvals and drawdowns, alongside a slight rise in outstanding mortgage lending. Mortgage applications rose 4.8% from May to 8,581. Mortgage loans approved increased 3.3% to HKD 27.5 billion, comprising HKD 9.3 billion for primary market transactions (+4.2%), HKD 15.0 billion for secondary market transactions (+2.4%) and HKD 3.2 billion for refinancing (+5.2%). Loans drawn down increased 8.9% to HKD 17.7 billion. Pricing of new loans continued to be dominated by HIBOR-linked mortgages, with the share rising to 94.7% from 93.4%, while best lending rate-linked loans fell to 1.7% from 1.9%. Outstanding mortgage loans increased 0.1% to HKD 1,885.6 billion at end-June; the delinquency ratio was 0.13% and the rescheduled loan ratio remained nearly 0%.
Hong Kong Monetary Authority 2025-07-31
Hong Kong Monetary Authority publishes June 2025 residential mortgage survey showing higher applications, approvals and drawdowns
The Hong Kong Monetary Authority's June 2025 residential mortgage survey showed increases in mortgage applications, approvals, and drawdowns, with outstanding mortgage lending rising slightly. Mortgage applications rose 4.8% to 8,581, and loans approved increased 3.3% to HKD 27.5 billion. HIBOR-linked mortgages dominated new loan pricing, comprising 94.7% of the market.