Residential Mortgage Survey Results for March 2025

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

The number of mortgage applications in March increased month-on-month by 29.3% to 8,456.  

Mortgage loans approved in March decreased by 5.3% compared with February to HK$24.7 billion.  Among these, mortgage loans financing primary market transactions decreased by 16.8% to HK$10.1 billion and those financing secondary market transactions increased by 6.2% to HK$11.6 billion.  Mortgage loans for refinancing decreased by 0.9% to HK$3 billion. 

Mortgage loans drawn down during March decreased by 9.6% compared with February to HK$15.9 billion. 

The ratio of new mortgage loans priced with reference to HIBOR decreased from 94% in February to 90.4% in March.  The ratio of new mortgage loans priced with reference to best lending rates increased from 2.4% in February to 3.2% in March.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,877.7 billion at end-March. 

The mortgage delinquency ratio stood at a low level of 0.13% and the rescheduled loan ratio was unchanged at nearly 0%.

Annex

Hong Kong Monetary Authority
30 April 2025