Hong Kong Monetary Authority: In May, the number of new residential mortgage applications increased by 12.8% month-on-month to 10,767 cases.

On June 30, the Hong Kong Monetary Authority announced the results of the residential mortgage survey for May 2026. The number of new mortgage applications in May increased by 12.8% compared to April, reaching 10,767 cases. The amount of new mortgage loans approved in May increased by 10.1% compared to April, reaching 40.2 billion Hong Kong dollars. Of these, loans for primary market transactions increased by 9.4% to 11.7 billion Hong Kong dollars, while loans for secondary market transactions increased by 9.1% to 23.8 billion Hong Kong dollars. Loans for refinancing transactions increased by 17.7% to 4.7 billion Hong Kong dollars. The amount of new drawdown mortgage loans in May increased by 4.3% compared to April, reaching 23.6 billion Hong Kong dollars. The proportion of new mortgage loans priced based on the Hong Kong Interbank Offered Rate decreased from 77.8% in April to 73.8% in May. The proportion of new mortgage loans priced based on the best available interest rates decreased from 1.3% in April to 1.2% in May. The total outstanding mortgage loans increased by 0.4% compared to the previous month, reaching 19.469 trillion Hong Kong dollars. The delinquency rate for mortgage loans remained at 0.11%, maintaining a low level, while the restructuring rate remained close to 0%.