Hong Kong Monetary Authority: In July, the number of new residential mortgage applications in Hong Kong decreased by 24% month-on-month to 9,212 cases.

On August 31, the Hong Kong Monetary Authority announced the results of the residential mortgage statistical survey for July 2026. The number of new loan applications in July decreased by 24% compared to June, totaling 9,212 cases. The amount of new mortgage loans approved in July decreased by 11.4% from June, amounting to HKD 44.8 billion. Among these, loans related to first-hand market transactions fell by 14.1% to HKD 13.3 billion, while loans for second-hand market transactions declined by 16.4% to HKD 24.2 billion. In contrast, loans related to refinancing transactions increased by 18.4% to HKD 7.3 billion. The amount of newly drawn mortgage loans in July increased by 6% compared to June, reaching HKD 29.4 billion. The share of new mortgage loans priced based on the Hong Kong Interbank Offered Rate (HIBOR) dropped from 70% in June to 61% in July. The proportion of new mortgage loans priced at the Best Lending Rate remained stable at 1.3%. The total amount of outstanding mortgage loans increased by 0.4% month-on-month, reaching HKD 1,963.5 billion. The mortgage delinquency ratio stands at 0.11%, remaining at a low level, while the ratio of restructured loans is close to 0%.