Hong Kong’s mortgage market saw a notable uptick in activity in June 2025, according to the latest survey results released by the Hong Kong Monetary Authority (HKMA).
The number of residential mortgage applications rose by 4.8 percent month-on-month, reaching 8,581. This increase signals growing interest in property ownership or refinancing within the region. Mortgage loans approved also experienced a positive trend, climbing 3.3 percent from May to HK$27.5 billion. Breaking this down further, loans for primary market transactions saw a 4.2 percent increase to HK$9.3 billion, while secondary market transactions accounted for HK$15 billion, up 2.4 percent. Refinancing activities also contributed to the growth, with mortgage loans for this purpose increasing by 5.2 percent to HK$3.2 billion.
The total value of mortgage loans drawn down in June demonstrated a meaningful increase of 8.9 percent compared to the previous month, totaling HK$17.7 billion. This suggests a robust flow of funds into the property market.
In terms of pricing,the market continued its preference for HIBOR-referenced mortgage loans. The ratio of new mortgage loans priced with reference to HIBOR increased from 93.4 percent in May to 94.7 percent in june. Conversely, the proportion of new mortgage loans priced with reference to best lending rates saw a slight decrease, falling from 1.9 percent in May to 1.7 percent in June.
At the close of June, the outstanding value of mortgage loans stood at HK$1,885.6 billion,reflecting a modest month-on-month increase of 0.1 percent. Importantly, the mortgage delinquency ratio remained exceptionally low at 0.13 percent, and the rescheduled loan ratio was unchanged at nearly 0 percent, indicating a healthy and stable mortgage portfolio for the region.
Disclaimer: This article provides details on residential mortgage survey results and should not be construed as financial or legal advice.
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