Mortgage Loan Approvals in Hong Kong Rise 5% in December 2024

MT Newswires Live

2025/01/29

The amount of mortgage loan approvals in Hong Kong rose 5.4% monthly to HK$25.5 billion in December 2024, according to data from the Hong Kong Monetary Authority released Tuesday.

Mortgage applications fell 21% to 6,306 compared with November 2024.

Mortgage loans for primary market transactions increased 8.7% to HK$8.6 billion while loans for secondary homes inched up 0.5% to HK$13.8 billion, and refinancing mortgages jumped 21% to HK$3.1 billion, the report said.

Loans linked to Hong Kong's interbank offered rate slipped 91% while best lending rate-linked loans grew to 4.1% during the month, according to the HKMA.

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