HKMA announced May 2026 mortgage survey results showing applications up 12.8% to 10,767, approved loans up 10.1% to HK$40.2 billion, and outstanding loans at HK$1,946.9 billion with 0.11% delinquency.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Tue, 30 Jun, the Hong Kong Monetary Authority ("'HKMA'") announced the results of the residential mortgage survey for May 2026.
Mortgage Application and Approval Volumes. The number of mortgage applications increased month-on-month by 12.8% to 10,767. Mortgage loans approved rose by 10.1% compared with April to HK$40.2 billion. Financing for primary market transactions increased by 9.4% to HK$11.7 billion, while secondary market transactions increased by 9.1% to HK$23.8 billion. Additionally, mortgage loans for refinancing increased by 17.7% to HK$4.7 billion.
Drawdowns and Pricing Benchmarks. Mortgage loans drawn down during May increased by 4.3% compared with April to HK$23.6 billion. The ratio of new mortgage loans priced with reference to HIBOR decreased from 77.8% in April to 73.8% in May. The ratio of new mortgage loans priced with reference to best lending rates decreased from 1.3% in April to 1.2% in May.
Outstanding Balance and Credit Quality. The outstanding value of mortgage loans increased month-on-month by 0.4% to HK$1,946.9 billion at end-May. The mortgage delinquency ratio stood at a low level of 0.11%, and the rescheduled loan ratio was unchanged at nearly 0%.
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