The following is issued on behalf of the Hong Kong Monetary Authority:

     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 per cent to 8 187.

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

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

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

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

     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/Monday, June 30, 2025
Issued at HKT 17:40

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