On Tue, 31 Mar, the Hong Kong Monetary Authority released the Residential Mortgage Survey Results for February 2026. Mortgage applications fell 7.5% to 8,125, while approved loans dropped 10.8% to HK$29 billion. Outstanding loan value rose 0.2% to HK$1,926.3 billion, with a delinquency ratio of 0.13%.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Tue, 31 Mar, the Hong Kong Monetary Authority disclosed the findings of the February 2026 residential mortgage survey. Application volumes contracted month-on-month by 7.5% to 8,125, and approved loans declined 10.8% to HK$29 billion. Primary market financing fell 24% to HK$8.6 billion, secondary market financing dropped 6.1% to HK$17.2 billion, and refinancing loans rose 10.7% to HK$3.2 billion.
Pricing Mechanisms and Drawdowns
Drawdowns during February contracted by 24.4% to HK$16.4 billion relative to January. The proportion of loans referenced to HIBOR decreased from 89.5% to 87.5%, while those referenced to best lending rates increased from 1.5% to 1.9%.
Outstanding Portfolio and Risk Metrics
Outstanding mortgage loans increased marginally by 0.2% to HK$1,926.3 billion at end-February. Delinquency ratios remained low at 0.13%, and rescheduled loan ratios were stable at nearly 0%.
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