HKMA: New loan applications in September fell 10.5% month-on-month to 7,560 cases

On October 30, the Hong Kong Monetary Authority published the results of the residential mortgage survey for September 2026. New loan applications in September fell 10.5% month-on-month from August to 7,560 cases. New mortgage loans drawn down in September decreased by 1.1% from August to HK$31.8 billion. Among these, loans approved for primary market transactions decreased by 6.8% to HK$8.5 billion; loans approved for secondary market transactions decreased by 5.7% to HK$14.4 billion. As for loans approved for refinancing transactions, they increased by 14.6% to HK$8.9 billion. The amount of new mortgage loans drawn down in September decreased by 22.8% from August to HK$25.3 billion. The proportion of new mortgage loans priced with reference to HIBOR decreased from 57% in August to 52.7% in September. The proportion of new mortgage loans priced at the best lending rate decreased from 1.9% in August to 1.3% in September. The outstanding value of total mortgage loans increased by 0.2% month-on-month in September to HK$1,980.3 billion. The mortgage delinquency ratio was 0.11%, remaining at a low level, and the rescheduled loan ratio remained close to 0%.