The residential mortgage survey for June 2025 showed an increase in mortgage applications and loans approved, with specific details on primary market, secondary market, refinancing, and overall values. The survey also noted the pricing ratios and delinquency rates.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority released the residential mortgage survey results for June 2025. The data indicates a substantial increase in mortgage applications, with a month-on-month growth of 4.8%, totaling 8,581 applications.
Mortgage loan approvals surged by 3.3% from May, reaching a total of HK$27.5 billion. Within this figure, primary market transactions accounted for a 4.2% increase, amounting to HK$9.3 billion, while secondary market transactions increased by 2.4% to HK$15 billion. Refinancing mortgage loans saw a 5.2% boost, reaching HK$3.2 billion.
Mortgage loans drawn down during June saw a significant increase of 8.9% from May, amounting to HK$17.7 billion. There was a shift in pricing references, with the proportion of new mortgage loans pegged to HIBOR rising from 93.4% to 94.7% and those priced at best lending rates decreasing from 1.9% to 1.7%.
The outstanding value of mortgage loans climbed by 0.1% month-on-month, standing at HK$1,885.6 billion by the end of June. The mortgage delinquency ratio remained low at 0.13%, indicating a robust repayment track record. The rescheduled loan ratio stayed at nearly 0%.
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