Bishop Caroline
May 31, 2025 08:03
Hong Kong’s monetary authorities reported in April 2025 that mortgage applications decreased by 7.8% and the second market transactions increased significantly.
Mortgage application is declining
HKMA (Hong Kong Monetary Authority) published the results of the mortgage survey in April 2025, showing that the number of mortgage applications decreased by 7.8% compared to the previous month. This will bring the total number of applications to 7,795 for a month.
Mortgage loan approval
Despite the decline in applications, the total value of mortgage loans approved in April increased 2.4% from March to $ 25.3 billion. The survey was a 7.5% reduction in loans in the primary market transactions, with a $ 9.3 billion dollar. On the contrary, loans to the second market trading rose considerably to $ 13.7 billion, up 17.6%. The loan for lip financing is a total of $ 2.3 billion, experiencing a sharp decline of 23.5%.
Digging loans and prices
Mortgage loans, which were withdrawn in April, increased 7.7% from the previous month, a total of 17.1 billion dollars. The report also mentioned the change in mortgage prices, and the ratio of new loans, which was priced for Hong Kong Interbank, increased from 90.4%in March to 91.8%in April. On the contrary, with reference to the best loan interest rate, the price -set loan rate decreased from 3.2%to 2.3%over the same period.
Excellent mortgage value and overdue
According to HKMA, the value of mortgage loans increased 0.2% a month, reaching HK $ 1881.9 billion by the end of April. The mortgage delinquency ratio was low at 0.13%, and the re -adjusted loan ratio was maintained at almost 0%.
For more information, the entire report can be accessible from the Hong Kong monetary authorities website.
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