Hong Kong Monetary Authority: The number of new loan applications in Hong Kong decreased by 0.7% month-on-month to 8255 cases in October.

On November 28th, the Hong Kong Monetary Authority released the results of the residential mortgage survey for October 2025. The data shows that the number of new mortgage applications in October decreased by 0.7% compared to September, with a total of 8255 cases. The total amount of new mortgage loans approved in October was HK$31.3 billion, similar to the amount approved in September. Of these, loans for first-hand market transactions decreased by 2.1% to HK$12.4 billion, while loans for second-hand market transactions increased by 3.4% to HK$16 billion. Loans for refinancing transactions decreased by 8.4% to HK$3 billion. The total amount of new drawdown mortgage loans decreased by 3.5% to HK$20.1 billion in October compared to September. The proportion of new mortgage loans priced with the Hong Kong Interbank Offered Rate (HIBOR) dropped from 92.6% in September to 91.9% in October. The proportion of new mortgage loans priced with the best lending rate decreased from 1.5% in September to 1.3% in October. The total amount of outstanding mortgage loans increased by 0.8% month-on-month in October to HK$1907.4 billion. The mortgage delinquency rate remained at a low level of 0.13%, while the restructured loan ratio stayed close to 0%.