On Fri, 29 May, the Hong Kong Monetary Authority released April 2026 mortgage survey results showing a 7.5% drop in applications and a 9% drop in approved loans, though refinancing rose by 21%. Outstanding loans grew slightly to HK$1,939.6 billion while delinquency remained low at 0.12%.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SPOTLIGHT ON
FAMILY OFFICES
On Fri, 29 May, the Hong Kong Monetary Authority announced the results of the residential mortgage survey for April 2026.
Application and Approval Volumes
Mortgage applications decreased month-on-month by 7.5% to 9,541, while approved loans decreased by 9% to HK$36.5 billion.
Market Segment Breakdown
Financing for primary market transactions decreased by 20.3% to HK$10.7 billion, whereas secondary market transactions decreased by 6.7% to HK$21.8 billion. Conversely, refinancing loans increased by 21% to HK$4 billion.
Drawdowns and Pricing Composition
Mortgage loans drawn down during April decreased by 16.1% compared with March to HK$22.6 billion.
Pricing Rate Ratios
The proportion of new mortgage loans priced with reference to HIBOR decreased from 83.7% in March to 77.8% in April, and the proportion priced with reference to best lending rates decreased from 1.5% in March to 1.3% in April.
Portfolio Outstanding and Risk Metrics
The outstanding value of mortgage loans increased month-on-month by 0.2% to HK$1,939.6 billion at end-April, with a delinquency ratio of 0.12% and rescheduled loan ratio unchanged at nearly 0%.
View the full article:Source
