The Hong Kong Monetary Authority released the results of its residential mortgage survey for May 2025, showing a month-on-month rise in both mortgage applications and loan approvals, while drawdowns declined. Mortgage applications increased by 5% from April to 8,187. Mortgage loans approved rose by 5.3% to HKD 26.6 billion, with primary market approvals down 4.2% to HKD 8.9 billion, secondary market approvals up 7.1% to HKD 14.6 billion, and refinancing approvals up 33.7% to HKD 3.0 billion. Loans drawn down fell by 5.3% to HKD 16.2 billion. The share of new mortgages priced with reference to HIBOR rose to 93.4% (from 91.8%), while those priced with reference to best lending rates fell to 1.9% (from 2.3%). Outstanding mortgage loans edged up 0.1% to HKD 1,884.2 billion at end-May, with a mortgage delinquency ratio of 0.13% and a rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-06-30
Hong Kong Monetary Authority publishes May 2025 residential mortgage survey with applications up 5% and approvals at HKD 26.6 billion
The Hong Kong Monetary Authority's May 2025 residential mortgage survey reported a 5% increase in mortgage applications and a 5.3% rise in loan approvals, totaling HKD 26.6 billion. Despite this, loan drawdowns decreased by 5.3% to HKD 16.2 billion. The share of new mortgages linked to the Hong Kong Interbank Offered Rate (HIBOR) rose to 93.4%, while those tied to best lending rates declined to 1.9%.