Hong Kong Monetary Authority: The amount of new mortgage loans drawn down 2.3% month-on-month to HK$19.7 billion in November

The Zhitong Finance App learned that on December 31, the Hong Kong Monetary Authority announced the results of the residential mortgage survey for November 2025. The number of new loan applications in November decreased by 2.9% month-on-month compared to October to 8019. The amount of new mortgage loans drawn down in November decreased by 2.3% compared with October to HK$19.7 billion.

The amount of new mortgage loans approved in November decreased by 7% compared with October to HK$29.1 billion. Among these, loans financing primary market transactions decreased by 12.6% to HK$10.8 billion and those financing secondary market transactions decreased by 2.3% to HK$15.6 billion. Loans involving refinancing from exchanges decreased by 9.6% to HK$2.7 billion.

The share of newly approved mortgage loans using the Hong Kong interbank interest rate as a reference fell from 91.9% in October to 90.7% in November. The share of newly approved mortgage loans priced at the best lending rate fell from 1.3% in October to 1.1% in November.

The outstanding value of mortgage loans increased month-on-month by 0.3% to HK$1,913.5 billion in November. The mortgage delinquency ratio remained low at 0.14%, and the rescheduled loan ratio remained close to 0%.