The Hong Kong Monetary Authority published its residential mortgage survey results for March 2025, showing a sharp rise in mortgage applications but lower approvals and drawdowns compared with February. Applications increased 29.3% month on month to 8,456, while approved mortgage lending fell 5.3% to HK$24.7 billion and mortgage loans drawn down declined 9.6% to HK$15.9 billion. Within approvals, lending for primary market transactions dropped 16.8% to HK$10.1 billion, secondary market approvals rose 6.2% to HK$11.6 billion, and refinancing approvals edged down 0.9% to HK$3.0 billion. New loans priced with reference to HIBOR decreased to 90.4% from 94.0%, while pricing linked to best lending rates increased to 3.2% from 2.4%. The outstanding value of mortgage loans rose 0.1% to HK$1,877.7 billion at end-March, with the mortgage delinquency ratio at 0.13% and the rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-04-30
Hong Kong Monetary Authority releases March 2025 residential mortgage survey as applications rise 29.3% and approvals fall 5.3%
The Hong Kong Monetary Authority's March 2025 residential mortgage survey revealed a 29.3% increase in applications to 8,456, but a decline in approvals and drawdowns by 5.3% and 9.6%, respectively. Primary market lending approvals fell 16.8%, while secondary market approvals rose 6.2%. The outstanding mortgage loan value slightly increased to HK$1,877.7 billion, with a stable delinquency ratio of 0.13%.