Ted Hirokawa
February 28, 2025 02:49
Hong Kong Monetary Authorities increased 3.3% of mortgage applications in January 2025, while approved loans decreased to $ 25 billion, down 2.1%.
HKMA (Hong Kong Monetary Authority) announced the results of mortgage surveys in January 2025, and the number of mortgage applications increased significantly. According to the Hong Kong monetary authorities, mortgage applications rose 3.3% from last month, recording a total of 6,516 applications.
Mortgage loan approval and fall
Despite the rise of the application, the total value of mortgage loans approved in January 2025 was 25 billion Hong Kong, down 2.1%compared to December 2024. Within this number, loans to the primary market transactions increased significantly to $ 1 billion, up 15.5%. On the contrary, loans to the second market decreased to $ 12.2 billion, down 11.7%, and the lipring loan decreased by 8.8% to $ 2.9 billion.
However, the mortgage loans that withdrew in January 2025 have experienced significant increase, up 17.6% from the previous month, reaching 15.6 billion Hong Kong.
Loan price and excellent balance
The report also emphasized changes in the new mortgage loan price. The ratio of loans to be priced by referring to the Hong Kong bank interest rate (Hibor) increased from 91.3%in December 2024 to 93%in January 2025. Meanwhile, the loan rate for the best loan rate has decreased from 4.1%to 3.4%over the same period.
The value of mortgage loans increased 0.1% a month, reaching $ 1872.9 billion in Hong Kong at the end of January 2025.
Overdue and re -adjustment
The mortgage delinquency ratio remained significantly low from 0.12%, and the reconsideration loan rate remains almost 0%, and despite the fluctuations of loan approval and emotion, it has a stable financial environment.
HKMA’s findings provide a comprehensive overview of Hong Kong’s mortgage market, reflecting both challenges and positive developments in this sector.
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