Residential Mortgage Survey Results for January 2025

On February 28, 2025, the Hong Kong Monetary Authority (HKMA) reported that the number of mortgage applications in January 2025 rose by 3.3% to 6,516, while the total value of approved mortgage loans decreased by 2.1% month-on-month to HK$25 billion. Notably, loans for primary market transactions increased by 15.5% to HK$10 billion, whereas loans for secondary market transactions fell by 11.7%. Mortgage loans drawn down surged by 17.6% to HK$15.6 billion. The proportion of new mortgage loans linked to HIBOR rose to 93%, and the outstanding value of mortgage loans increased by 0.1% to HK$1,872.9 billion. The mortgage delinquency ratio remained low at 0.12%, with the rescheduled loan ratio unchanged. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/02/20250228-6/