Hong Kong Monetary Authority: There were 6,542 new loan applications in February, an increase of 0.4% compared to the previous month.

On March 31st, the Hong Kong Monetary Authority announced the results of the residential mortgage survey for February 2025. The number of new mortgage applications in February increased by 0.4% compared to January, reaching 6,542 cases. The amount of new mortgage loans approved in February increased by 4.3% compared to January, reaching 26.1 billion Hong Kong dollars. Among them, loans approved for primary market transactions increased by 21.6% to 12.1 billion Hong Kong dollars; loans approved for secondary market transactions decreased by 9.9% to 11 billion Hong Kong dollars. As for loans approved for refinancing, it increased by 4.4% to 3 billion Hong Kong dollars. The amount of new drawdown mortgage loans in February increased by 12.8% compared to January, reaching 17.6 billion Hong Kong dollars. The proportion of new mortgage loans priced based on the Hong Kong interbank offered rate (HIBOR) increased from 93% in January to 94% in February. The proportion of new mortgage loans priced based on the best offered rates decreased from 3.4% in January to 2.4% in February. The total outstanding mortgage loans increased by 0.2% in February, reaching 1,876.7 billion Hong Kong dollars. The delinquency rate for mortgage loans remained at 0.12%, maintaining at a low level, while the rate for restructured loans remained close to 0%.