Hong Kong Monetary Authority: The number of new residential mortgage applications decreased by 7.5% to 9,541 cases in April.

On May 29th, the Hong Kong Monetary Authority released the results of the residential mortgage survey for the month of April 2026. In April, the number of new loan applications in Hong Kong decreased by 7.5% compared to March, to 9541 cases. The amount of new mortgage loans approved in April decreased by 9% compared to March, to HK$36.5 billion. Among these, loans approved for primary market transactions decreased by 20.3% to HK$10.7 billion, while loans approved for secondary market transactions decreased by 6.7% to HK$21.8 billion. Loans approved for refinancing transactions increased by 21% to HK$4 billion. The amount of new drawdowns of mortgage loans in April decreased by 16.1% compared to March, to HK$22.6 billion. The proportion of new mortgage loans priced with reference to the Hong Kong Interbank Offered Rate (HIBOR) decreased from 83.7% in March to 77.8% in April. The proportion of new mortgage loans priced with the best lending rate decreased from 1.5% in March to 1.3% in April. The total amount of outstanding mortgage loans increased by 0.2% compared to the previous month, to HK$1.9396 trillion in April. The mortgage delinquency rate remained low at 0.12%, and the rate of restructured loans remained close to 0%.