Residential Mortgage Survey Results for February 2025

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

The number of mortgage applications in February increased month-on-month by 0.4% to 6,542.  

Mortgage loans approved in February increased by 4.3% compared with January to HK$26.1 billion.  Among these, mortgage loans financing primary market transactions increased by 21.6% to HK$12.1 billion and those financing secondary market transactions decreased by 9.9% to HK$11 billion.  Mortgage loans for refinancing increased by 4.4% to HK$3 billion. 

Mortgage loans drawn down during February increased by 12.8% compared with January to HK$17.6 billion. 

The ratio of new mortgage loans priced with reference to HIBOR increased from 93% in January to 94% in February.  The ratio of new mortgage loans priced with reference to best lending rates decreased from 3.4% in January to 2.4% in February.

The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,876.7 billion at end-February. 

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
31 March 2025