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%.
Source：Hong Kong Monetary Authority (2025.4.30)
