Hong Kong Monetary Authority: The amount of new mortgage loans approved in March increased by 38.6% month-on-month to HK$40.1 billion.

On April 30, the Hong Kong Monetary Authority released the results of the residential mortgage survey for March 2026. The number of new loan applications in March increased by 26.9% compared to February, reaching 10,311 cases. The amount of new mortgage loans approved in March increased by 38.6% compared to February, reaching HK$401 billion. Among these, loans approved for first-hand market transactions increased by 55.9% to HK$13.4 billion, while loans approved for second-hand market transactions increased by 36.1% to HK$23.4 billion. Loans approved for refinancing transactions increased by 5% to HK$3.3 billion. The total amount of new mortgage loans drawn down in March increased by 63.9% to HK$26.9 billion. The proportion of new mortgage loans priced using Hong Kong Interbank Offered Rate (HIBOR) as a reference decreased from 87.5% in February to 83.7% in March. The proportion of new mortgage loans priced using the best prevailing interest rate decreased from 1.9% in February to 1.5% in March. The total outstanding mortgage loans in March increased by 0.4% from the previous month to HK$19.349 trillion. The mortgage delinquency rate remained low at 0.13%, with the restructured loan ratio remaining close to 0%.