Hong Kong mortgage applications fell 10.5 per cent in September 2026
Hong Kong's September 2026 mortgage data shows a 10.5 per cent monthly drop in new loan applications to 7,560. New lending fell 1.1 per cent to HK$31.8 billion, while refinancing rose 14.6 per cent. The default ratio remained low at 0.11 per cent.
The Hong Kong Monetary Authority published the results of its residential mortgage survey for September 2026 on 30 October. The data showed a 10.5 per cent month-on-month decline in new loan applications, which fell to 7,560 cases from 8,444 in August.
New mortgage lending approved in September totalled HK$31.8 billion, down 1.1 per cent from the previous month. Lending for primary market transactions dropped 6.8 per cent to HK$8.5 billion, while lending for secondary market transactions decreased 5.7 per cent to HK$14.4 billion. In contrast, loans approved for refinancing rose 14.6 per cent to HK$8.9 billion.
The amount of new mortgages drawn down in September fell sharply by 22.8 per cent month-on-month to HK$25.3 billion.
The proportion of new mortgage loans priced with reference to the Hong Kong Interbank Offered Rate declined to 52.7 per cent in September from 57 per cent in August. The share priced with reference to the best lending rate fell to 1.3 per cent from 1.9 per cent.
The total outstanding value of mortgage loans rose 0.2 per cent month-on-month to HK$1,980.3 billion. The mortgage delinquency ratio stood at 0.11 per cent, remaining at a low level, while the ratio of restructured loans was near zero per cent.
