The residential mortgage survey for April 2025 showed a decrease in mortgage applications by 7.8% and an increase in approved mortgage loans by 2.4%. Mortgage loans drawn down increased by 7.7%, and the outstanding value of mortgage loans increased by 0.2%.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA") recently released the residential mortgage survey for April 2025. The key highlights from the survey include significant changes in mortgage application volumes and loan approvals.
Mortgage applications saw a monthly decrease of 7.8%, with a total of 7,795 applications processed in April.
The value of mortgage loans approved in April surged by 2.4% from March, amounting to HK$25.3 billion.
Primary market financing through mortgage loans dropped by 7.5%, totaling HK$9.3 billion, while secondary market financing rose by 17.6%, reaching HK$13.7 billion.
Refinancing mortgage loans decreased by 23.5%, standing at HK$2.3 billion, reflecting a significant decline.
The volume of mortgage loans drawn down in April climbed by 7.7% compared to March, totaling HK$17.1 billion.
The proportion of new mortgage loans priced in accordance with the Hong Kong Interbank Offered Rate ("HIBOR") rose from 90.4% in March to 91.8% in April, while those priced at best lending rates fell from 3.2% to 2.3% over the same period.
The outstanding value of mortgage loans at the end of April increased marginally by 0.2% to HK$1,881.9 billion, reflecting a stable market environment.
Mortgage delinquency remained low at 0.13%, while the rescheduled loan ratio remained nearly at 0%, indicating strong adherence to repayment schedules.
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