Hong Kong Monetary Authority: The number of new loan applications in Hong Kong decreased by 1.1% month-on-month to 8316 cases in September.

On October 31, the Hong Kong Monetary Authority released the results of the residential mortgage survey for September 2025. The data shows that the number of new mortgage loan applications in September decreased by 1.1% compared to August, to 8,316 cases. The amount of new mortgage loans approved in September increased by 9.4% compared to August, to 31.4 billion Hong Kong dollars. Among them, loans approved for primary market transactions increased by 17.5% to 12.6 billion Hong Kong dollars, while loans approved for secondary market transactions increased by 6.1% to 15.5 billion Hong Kong dollars. As for loans approved for refinancing, the amount decreased by 2.4% to 3.2 billion Hong Kong dollars. The amount of new drawdowns of mortgage loans in September increased by 9.7% compared to August, to 20.9 billion Hong Kong dollars. The proportion of new mortgage loans priced with Hong Kong Interbank Offered Rate (HIBOR) as a reference decreased from 94.4% in August to 92.6% in September. The proportion of new mortgage loans priced with the best loan rate as a reference increased from 1.3% in August to 1.5% in September. The total outstanding mortgage loans in September increased by 0.2% compared to the previous month, to 18,914 billion Hong Kong dollars. The mortgage delinquency rate was 0.13%, remaining at a low level, while the restructured loan rate remained close to 0%.