Residential mortgage survey results for March 2025
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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 per cent to 8 456.
Mortgage loans approved in March decreased by 5.3 per cent compared with February to HK$24.7 billion. Among these, mortgage loans financing primary market transactions decreased by 16.8 per cent to HK$10.1 billion and those financing secondary market transactions increased by 6.2 per cent to HK$11.6 billion. Mortgage loans for refinancing decreased by 0.9 per cent to HK$3 billion.
Mortgage loans drawn down during March decreased by 9.6 per cent compared with February to HK$15.9 billion.
The ratio of new mortgage loans priced with reference to HIBOR decreased from 94 per cent in February to 90.4 per cent in March. The ratio of new mortgage loans priced with reference to best lending rates increased from 2.4 per cent in February to 3.2 per cent in March.
The outstanding value of mortgage loans increased month-on-month by 0.1 per cent to HK$1,877.7 billion at end-March.
The mortgage delinquency ratio stood at a low level of 0.13 per cent and the rescheduled loan ratio was unchanged at nearly 0 per cent.
Ends/Wednesday, April 30, 2025
Issued at HKT 16:30
Issued at HKT 16:30
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