Hong Kong Monetary Authority: The number of negative asset residential mortgage loans increased to HK$205.9 billion at the end of the first quarter.

The Hong Kong Monetary Authority today (April 30) released the latest survey results on negative equity residential mortgage loans as of the end of the first quarter of 2025. The amount involved in negative equity residential mortgage loans increased from 195.1 billion Hong Kong dollars at the end of the fourth quarter of 2024 to 205.9 billion Hong Kong dollars at the end of the first quarter of 2025. The amount of unsecured portion in negative equity residential mortgage loans increased from 14.5 billion Hong Kong dollars at the end of the fourth quarter of 2024 to 16.4 billion Hong Kong dollars at the end of the first quarter of 2025. The number of negative equity residential mortgage loans at the end of the first quarter of 2025 was 40,741, compared to 38,389 at the end of the fourth quarter of 2024. These cases mainly involve loans for bank staff's housing mortgages or mortgage insurance plan loans, and these types of loans generally have higher loan-to-value ratios. The ratio of negative equity residential mortgage loans overdue for more than three months at the end of the first quarter of 2025 was 0.17%, compared to 0.15% at the end of the fourth quarter of 2024, still maintained at a low level.