Residential Mortgage Survey Results for January 2025

The Hong Kong Monetary Authority announced the results of the residential mortgage survey for January 2025.

The number of mortgage applications in January 2025 increased month-on-month by 3.3% to 6,516.  

Mortgage loans approved in January 2025 decreased by 2.1% compared with December 2024 to HK$25 billion.  Among these, mortgage loans financing primary market transactions increased by 15.5% to HK$10 billion and those financing secondary market transactions decreased by 11.7% to HK$12.2 billion.  Mortgage loans for refinancing decreased by 8.8% to HK$2.9 billion. 

Mortgage loans drawn down during January 2025 increased by 17.6% compared with December 2024 to HK$15.6 billion. 

The ratio of new mortgage loans priced with reference to HIBOR increased from 91.3% in December 2024 to 93% in January 2025.  The ratio of new mortgage loans priced with reference to best lending rates decreased from 4.1% in December 2024 to 3.4% in January 2025.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,872.9 billion at end-January 2025. 

The mortgage delinquency ratio stood at a low level of 0.12% and the rescheduled loan ratio was unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
28 February 2025

(Updates in March 2025) Due to classification issues of the data submitted previously by a reporting institution for the residential mortgage survey, relevant results for loans associated with co-financing schemes need to be revised. Details can be found in the Monthly Statistical Bulletin.