Hong Kong Monetary Authority: There were 8,187 new loan applications in May, an increase of 5% compared to the previous month.

On June 30, the Hong Kong Monetary Authority released the results of the residential mortgage survey for May 2025. In May, the number of new loan applications increased by 5% compared to April, totaling 8,187 cases. The total amount of new mortgage loans granted in May increased by 5.3% compared to April, totaling 26.6 billion Hong Kong dollars. Loans granted for first-hand market transactions decreased by 4.2% to 8.9 billion Hong Kong dollars, while loans granted for second-hand market transactions increased by 7.1% to 14.6 billion Hong Kong dollars. Loans granted for refinancing transactions increased by 33.7% to 3 billion Hong Kong dollars. The total amount of new drawdown mortgage loans in May decreased by 5.3% compared to April, totaling 16.2 billion Hong Kong dollars. The proportion of new mortgage loans priced with Hong Kong Interbank Offered Rate (HIBOR) as reference increased from 91.8% in April to 93.4% in May. The proportion of new mortgage loans priced with the most favorable interest rates decreased from 2.3% in April to 1.9% in May. The total amount of outstanding mortgage loans increased by 0.1% in May, totaling 1884.2 billion Hong Kong dollars. The delinquency rate for mortgage loans remained low at 0.13%, while the rate for restructured loans remained close to 0%.