Hong Kong Mortgage Applications Decline 10.5% in September 2026

Hong Kong mortgage applications fell 10.5% in September as approvals and drawdowns also declined, while the outstanding loan balance continued to grow, leaving new lending flows weaker than the overall mortgage book.

Applications totaled 7,560. The value of mortgage approvals fell 1.1% from August to HK$31.8 billion, while drawdowns dropped 22.8% to HK$25.3 billion. Loans for primary-market transactions declined 6.8% to HK$8.5 billion, and secondary-market loans fell 5.7% to HK$14.4 billion. Refinancing approvals rose 14.6% to HK$8.9 billion.

Outstanding mortgage loans increased 0.2% to HK$1,980.3 billion at the end of September. The delinquency ratio was 0.11%, while the rescheduled-loan ratio remained nearly 0%.

HIBOR-linked loans accounted for 52.7% of new mortgages, down from 57% in August. The share of new loans priced against best lending rates fell to 1.3% from 1.9%.