On Fri, 27 Feb 2026, the Hong Kong Monetary Authority announced the residential mortgage survey results for January 2026. The number of mortgage applications increased by 15.4%, and mortgage loans approved increased by 4.1%, with changes in various segments like primary and secondary market transactions, and refinancing. The outstanding value of mortgage loans increased by 0.3%, and the delinquency and rescheduled loan ratios remained low.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Friday, February 27, 2026, the Hong Kong Monetary Authority published the residential mortgage survey results for January 2026. Key highlights include a 15.4% month-on-month increase in mortgage applications, totaling 8,785 applications. Mortgage loans approved in January 2026 rose by 4.1% from the previous year, amounting to HK$32.5 billion.
Notably, mortgage loans for financing primary market transactions fell by 3.1%, totaling HK$11.3 billion, while those for secondary market transactions increased by 8.6% to HK$18.3 billion. The volume of refinancing mortgage loans increased by 7.1%, amounting to HK$2.9 billion. Additionally, mortgage loans drawn down during January 2026 surged by 8.6% compared to December 2025, reaching HK$21.7 billion.
The proportion of new mortgage loans priced with reference to HIBOR dropped to 89.5% in January 2026 from 89.8% the previous month. Meanwhile, the ratio of new mortgage loans priced with reference to best lending rates increased from 1.3% to 1.5%. The outstanding value of mortgage loans grew by 0.3% month-on-month, reaching HK$1,923.4 billion at the end of January 2026. The delinquency ratio remained at a low level of 0.13%, and the rescheduled loan ratio held steady at nearly 0%.
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