Joerg Hiller
Nov 01, 2025 09:08
Hong Kong Financial Authority stories a 1.1% lower in mortgage purposes for September 2025, whereas accredited loans rise by 9.4% to HK$31.4 billion.
Mortgage Purposes Decline
The Hong Kong Financial Authority (HKMA) has launched its residential mortgage survey for September 2025, revealing a slight lower within the variety of mortgage purposes. Based on the HKMA, purposes fell by 1.1% in comparison with the earlier month, totaling 8,316 purposes.
Improve in Mortgage Loans Authorized
Regardless of the lower in purposes, the survey confirmed a big rise within the worth of mortgage loans accredited. September noticed a rise of 9.4% from August, reaching HK$31.4 billion. This development was pushed by a notable rise in loans for main market transactions, which surged by 17.5% to HK$12.6 billion, and a 6.1% enhance in loans for secondary market transactions, amounting to HK$15.5 billion. Nevertheless, loans for refinancing skilled a decline of two.4%, all the way down to HK$3.2 billion.
Drawn Down Loans and Curiosity Price Tendencies
The info additionally highlighted an uptick in mortgage loans drawn down throughout September, which elevated by 9.7% to HK$20.9 billion. When it comes to rate of interest developments, the proportion of recent mortgage loans priced as regards to the Hong Kong Interbank Provided Price (HIBOR) decreased from 94.4% in August to 92.6% in September. Conversely, the proportion of loans priced based on the most effective lending charges rose barely from 1.3% to 1.5% over the identical interval.
Total Mortgage Mortgage Worth and Delinquency Charges
The excellent worth of mortgage loans on the finish of September noticed a minor enhance of 0.2%, reaching HK$1,891.4 billion. In the meantime, the mortgage delinquency ratio remained low at 0.13%, and the rescheduled mortgage ratio stayed practically unchanged at 0%.
For additional particulars, the complete report may be accessed via the Hong Kong Financial Authority.
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