The Hong Kong Monetary Authority published its residential mortgage survey results for January 2026, showing higher mortgage activity and a modest rise in the outstanding mortgage book, while delinquency indicators remained low. Mortgage applications increased 15.4% month on month to 8,785. Approved mortgage loans rose 4.1% to HKD 32.5 billion, with primary market financing down 3.1% to HKD 11.3 billion, secondary market financing up 8.6% to HKD 18.3 billion, and refinancing up 7.1% to HKD 2.9 billion. Drawdowns increased 8.6% to HKD 21.7 billion, and outstanding mortgage loans rose 0.3% to HKD 1,923.4 billion at end-January. New mortgage pricing referenced to HIBOR edged down to 89.5% from 89.8%, while best lending rate-referenced pricing rose to 1.5% from 1.3%. The mortgage delinquency ratio was 0.13% and the rescheduled loan ratio was unchanged at nearly 0%.
Hong Kong Monetary Authority 2026-02-27
Hong Kong Monetary Authority reports January 2026 uptick in mortgage applications and approvals with delinquency at 0.13%
The Hong Kong Monetary Authority's January 2026 residential mortgage survey indicates increased mortgage activity, with applications up 15.4% and approved loans rising 4.1% to HKD 32.5 billion. Outstanding mortgage loans grew 0.3% to HKD 1,923.4 billion, while delinquency indicators remained low. New mortgage pricing saw a slight shift, with HIBOR-referenced pricing decreasing and best lending rate-referenced pricing increasing.