The residential mortgage survey for November 2025 showed a decrease in mortgage applications and approved loans, with a slight increase in outstanding value. Mortgage 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 November 1, 2025, the Hong Kong Monetary Authority ("HKMA") released the results of the residential mortgage survey. The number of mortgage applications decreased by 2.9% from the previous month, totaling 8,019 applications.
The number of mortgage loans approved in November fell by 7%, amounting to HK$29.1 billion. This reduction was driven by a 12.6% decrease in loans financing primary market transactions to HK$10.8 billion and a 2.3% decrease in secondary market transactions to HK$15.6 billion. Additionally, loans for refinancing dropped by 9.6% to HK$2.7 billion.
The total mortgage loans drawn down during November decreased by 2.3%, amounting to HK$19.7 billion.
The percentage of new mortgage loans priced with reference to HIBOR decreased from 91.9% in October to 90.7% in November, while the ratio of new mortgage loans priced with reference to best lending rates fell from 1.3% to 1.1%.
The outstanding value of mortgage loans increased by 0.3% month-on-month, reaching HK$1,913.5 billion by the end of November.
The mortgage delinquency ratio remained at a low level of 0.14%, and the rescheduled loan ratio remained unchanged, hovering at nearly 0%.
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