Caroline Bishop
Might 31, 2025 08:03
The Hong Kong Financial Authority reported a 7.8% decline in mortgage functions for April 2025, with a notable improve in secondary market transactions.
Mortgage Utility Decline
The Hong Kong Financial Authority (HKMA) has launched its residential mortgage survey outcomes for April 2025, revealing a 7.8% decline within the variety of mortgage functions in comparison with the earlier month. This brings the full variety of functions to 7,795 for the month.
Mortgage Loans Accepted
Regardless of the drop in functions, the full worth of mortgage loans authorised in April noticed a 2.4% improve from March, reaching HK$25.3 billion. The survey highlighted a lower of seven.5% in loans for major market transactions, amounting to HK$9.3 billion. Conversely, loans for secondary market transactions rose considerably by 17.6% to HK$13.7 billion. Loans for refinancing skilled a pointy decline of 23.5%, totaling HK$2.3 billion.
Drawn Down Loans and Pricing
Mortgage loans drawn down in April elevated by 7.7% from the earlier month, totaling HK$17.1 billion. The report additionally famous a shift in mortgage pricing, with the ratio of recent loans priced close to the Hong Kong Interbank Supplied Fee (HIBOR) rising from 90.4% in March to 91.8% in April. Conversely, the ratio of loans priced close to greatest lending charges decreased from 3.2% to 2.3% throughout the identical interval.
Excellent Mortgage Worth and Delinquency
Based on the HKMA, the excellent worth of mortgage loans rose barely by 0.2% month-on-month, reaching HK$1,881.9 billion by the tip of April. The mortgage delinquency ratio remained low at 0.13%, whereas the rescheduled mortgage ratio held regular at almost 0%.
For extra particulars, the complete report might be accessed on the Hong Kong Financial Authority web site.
Picture supply: Shutterstock


