On 30 Jan 2026, the Hong Kong Monetary Authority reported that the number of residential mortgage loans ("RMLs") in negative equity at the end of December 2025 decreased to 21,304 cases, and the aggregate value of these loans was HK$105.4 billion.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On January 30, 2026, the Hong Kong Monetary Authority published the outcomes of its survey on residential mortgage loans ("RMLs") in negative equity at the close of December 2025.
As of December 31, 2025, it was estimated that there were 21,304 RMLs in negative equity, a decrease from the 31,449 cases observed at the end of September 2025.
The majority of these cases involved bank staff housing loans or RMLs under mortgage insurance programmes, which are typically characterized by higher loan-to-value ratios.
The aggregate value of RMLs in negative equity decreased to HK$105.4 billion by the end of December 2025, a substantial drop from the HK$156.8 billion recorded at the end of September 2025.
The unsecured portion of these loans declined to HK$6.2 billion by the end of December 2025, down from HK$10.9 billion in September 2025.
The three-month delinquency ratio for RMLs in negative equity remained low at 0.31% by the end of December 2025, compared to a ratio of 0.24% in September 2025.
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