The Hong Kong Monetary Authority published its residential mortgage survey results for July 2025, showing higher month-on-month mortgage activity across applications, approvals and drawdowns. Mortgage applications rose 4.9% to 9,005, approvals increased 11.2% to HKD 30.6 billion, and loans drawn down grew 3% to HKD 18.2 billion. Approved lending was driven by higher financing for both primary and secondary market transactions, up 16.4% to HKD 10.8 billion and 10.5% to HKD 16.6 billion respectively, while refinancing was broadly flat, down 0.2% to HKD 3.2 billion. New mortgage pricing remained predominantly HIBOR-linked, rising to 95.7% from 94.7%, while the share referenced to best lending rates fell to 1.2% from 1.7%. Outstanding mortgage loans edged up 0.1% to HKD 1,887.3 billion at end-July, with the delinquency ratio at 0.13% and the rescheduled loan ratio unchanged at nearly 0%.
Hong Kong Monetary Authority 2025-08-29
Hong Kong Monetary Authority reports July 2025 residential mortgage approvals up 11.2% to HKD 30.6 billion
The Hong Kong Monetary Authority's July 2025 residential mortgage survey indicates increased mortgage activity, with applications up 4.9% to 9,005 and approvals rising 11.2% to HKD 30.6 billion. Primary and secondary market financing drove approved lending, while refinancing remained stable. HIBOR-linked mortgage pricing increased to 95.7%, and outstanding mortgage loans slightly rose to HKD 1,887.3 billion, with a delinquency ratio of 0.13%.