Residential Mortgage Survey Results for May 2025

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

The number of mortgage applications in May increased month-on-month by 5% to 8,187.  

Mortgage loans approved in May increased by 5.3% compared with April to HK$26.6 billion.  Among these, mortgage loans financing primary market transactions decreased by 4.2% to HK$8.9 billion and those financing secondary market transactions increased by 7.1% to HK$14.6 billion.  Mortgage loans for refinancing increased by 33.7% to HK$3 billion. 

Mortgage loans drawn down during May decreased by 5.3% compared with April to HK$16.2 billion. 

The ratio of new mortgage loans priced with reference to HIBOR increased from 91.8% in April to 93.4% in May.  The ratio of new mortgage loans priced with reference to best lending rates decreased from 2.3% in April to 1.9% in May.

The outstanding value of mortgage loans increased month-on-month by 0.1% to HK$1,884.2 billion at end-May. 

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 June 2025