Hong Kong: The number of new residential mortgage applications in April decreased by 7.8% compared to March.

The Hong Kong Monetary Authority has announced the results of the residential mortgage survey for April 2025. The number of new loan applications in April decreased by 7.8% compared to March, to 7795 cases. The amount of new mortgage loans approved in April increased by 2.4% compared to March, to HK$253 billion. Among them, loans approved for first-hand market transactions decreased by 7.5% to HK$9.3 billion, while loans approved for second-hand market transactions increased by 17.6% to HK$13.7 billion. As for loans approved for refinancing transactions, there was a decrease of 23.5% to HK$2.3 billion.